As used herein, "Company", "Swapzone", "Ourselves", "Website", "We", and "Us" refer collectively to the internet website "Swapzone.io" ("Website") and to its owners, operators, employees, directors, officers, employees, agents, insurers, suppliers, and attorneys.

"Client", "User", "You" and "Your" refer to you, the person accessing "Swapzone.io" and accepting the terms and conditions of use stated herein below. ("Terms of Use").

"Party" refers to either You or Us, whereas "Parties" refers to You and Us collectively.

The term "Virtual Currency" or "VCs" refers to cryptocurrencies, i.e. unregulated digital assets, such as Bitcoin, NEO, Ether, Litecoin, Ripple, Dash, among others, which are created and generally controlled by their developers, and are used and accepted by specific virtual communities.

Depending upon context, "Swapzone" may also refer to the services, products, website, content or other materials (collectively, "Materials") provided by the Company.

Accepting the Terms of Use:

By using the Website and further by accepting to avail the services offered by the Website ("Service"), You agree to accept and comply with these Terms of Use. Before using this Website or any of the services provided by Us, you should read, understand, and accept the entire Terms of Use. If you do not accept and agree to these Terms of Use, You are expressly forbidden from accessing or using the Website. If You disagree with the Terms of Use or any future version hereof, You should stop using the Website.

The Terms of Use can be accepted only if You are of legal age (per the applicable law in Your country of residence). By accepting the Terms of Use, You certify that You are of legal age to do so. To the extent permitted by law, We are not liable for any actions taken by ineligible individuals.

The Services are strictly available for personal use by residents of jurisdictions where transactions involving VCs or trading and exchanging VCs are legal or not restricted.

The Website and the Services are not intended for use by those residing in jurisdictions where transactions in VCs are prohibited. By accepting the Terms of Use, You certify that you reside in a jurisdiction where VC transactions are not prohibited. The Parties agree that it is the User's responsibility to comply with the above duty and to follow all applicable laws in their country of residence. In the event violation of this requirement is brought to the notice of Swapzone, the Company shall forthwith restrict Your access to the Website. It is therefore advised that Users not use the Website and the Service in case they reside in a jurisdiction, where there is a specific ban against the transactions envisaged and offered by Swapzone.

As long as You agree to and comply with these Terms of Use, Swapzone grants to You a right to enter and use the Website and the Service under a worldwide, non-exclusive, non-transferable, non-sublicensable, and limited licence for personal (non-commercial) purposes.

The Terms of Service:

Swapzone is an online aggregator platform that enables users to exchange cryptocurrencies directly on the website by comparing services and rates from multiple third-party providers through API integrations. While the exchange process is conducted through our platform interface, Swapzone acts solely as an intermediary, facilitating the transaction process without handling, storing, or transferring users' funds. All transactions are executed by the selected exchange providers, and Swapzone assumes no responsibility for the settlement of the transactions.

The Service operated by the Company in the name of Swapzone informs Clients of current proposals on the market, compares them and allows buyers (i.e. Clients who request VCs exchange services) ("Buyers") and sellers (i.e. VC exchangers) ("Sellers") to exchange VCs. Some VC exchangers support exchanges of VCs to fiat money and vice versa.

VC exchange transactions are arranged solely between Buyers and Sellers. Swapzone does not provide advanced trading functionalities such as stop-loss or automated execution of trades. The platform is purely an aggregator, offering users information and comparisons of rates and services from external VC exchanges. Users should seek alternative services if they require advanced trading features or functionalities.

Fees of all kinds are included in the quantities shown to You during the comparison of VC exchange rates, unless specifically stated on the Website.

The only form of payment for fees shall be VCs.

Swapzone's Service is provided to Clients free of charge. Swapzone doesn't receive any payments from Buyers – all fees paid go from Buyers towards Sellers directly. For this reason, Swapzone can not be responsible for any reimbursements, refunds as well as carry any other financial liability towards Clients. In the event any VC transfers are erroneously credited, the User is required to notify the relevant VC exchange or to the rightful owner, as confirmed by the relevant VC exchange.

VCs' generation, distribution, retention and termination, as well as the volatility of their markets, are beyond Swapzone's control.

Swapzone does not provide any warranty of any kind, either express or implied. The Services, the Website, Materials and any information or content contained therein are provided on an “as-is” and “as available” basis. The User availing of the Services and / or dealing in VCs does so at their own risk and with full disclosure of possible wiping out of the entire holding or valuation. In case any of the risk factors occur, including but not limited to changes in regulatory or legal position in Georgia or restrictions placed on Swapzone, Swapzone expressly disclaims any warranty regarding the Website or the Services.

All Services are provided without warranty of any kind, either express or implied. While We strive to provide You with the uninterrupted Service, We do not guarantee that the access to this Website will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information. We will use reasonable endeavours to ensure that the Website can normally be accessed by You in accordance with these Terms of Use. When maintenance is required, the Website may be suspended and we will make every reasonable effort to notify You in advance. You acknowledge that such notice, however, may not be possible in every situation.

Swapzone does not encourage the violation of any laws and cannot be held responsible for violation of such laws in any jurisdiction of the world. It is Your responsibility to follow the laws of Your country of residence and/or country from which You access this Website. Likewise, Swapzone expects the same of VC exchangers, but it is unable to control their services, nor does it have the technical, legal or any other ability to ensure they comply with all applicable laws, rules, regulations, and license requirements. It is not Swapzone's responsibility to conduct due diligence on VC exchangers, and it cannot be held responsible in any circumstances if VC exchangers are found to be in violation of applicable laws, rules, and regulations as well as official license requirements. All concerns and claims regarding VC exchange transactions should be addressed directly to VC exchangers.

Taxes:

It is Your responsibility to determine, collect, report, and submit any taxes applicable to the payments You make or receive Swapzone recommends consulting with a tax professional and provides downloadable transaction reports to help facilitate proper tax filing, depending on your jurisdiction.

Risks:

The use of the Website and the Service may entail the following risks:

VCs are an as-yet autonomous and largely unregulated worldwide system of value transfer between private parties. Since it does not have any backing from the government or commodities, it may be prone to risks not normally associated with legal tender.
As VC is digital cash managed by a peer-to-peer system of networks, there is also the risk of loss of confidence in VC trading. The valuation of VCs is based on a supply and demand economy model.
Swapzone makes no warranties regarding the availability, functionality, or accuracy of services provided by third-party exchanges. Swapzone also does not guarantee the accuracy of user-provided transaction details, such as wallet addresses, networks, or transaction amounts. Users are responsible for verifying the terms and rates offered by the chosen provider before completing any transaction. It is the user's responsibility to ensure that they provide correct information, including wallet addresses, transaction amounts, and networks.
Since the value of VCs is highly volatile and tends to fluctuate, the value of the VC you receive after conversion may increase or decrease. There is a risk of wide swings in the value of VCs and even the possibility that they become worthless. Swapzone advises users to apply risk management strategies, such as setting stop-loss limits or diversifying their portfolios, and encourages the use of third-party insurance or fund protections against market volatility. There is always an inherent risk of losses associated with buying, selling or trading VCs. The valuation and price of VC may also change after the transaction has been initiated by You or during the course of the transaction. You are hereby informed of this possibility. Swapzone makes no warranties or guarantees regarding the recovery of funds in cases of failed transactions, errors in blockchain execution, or incorrect wallet addresses provided by the User. However, Swapzone takes an active role in mediating with external VC exchangers to resolve such issues on behalf of the User. While final recovery decisions rest with the exchangers, Swapzone will assist in communication and negotiation to achieve a resolution.
The User shall not invest in VCs with the expectation of high profits or earnings. VCs being digital assets issued by private entrepreneurs are subject to market risks and volatile pricing, which may even render them worthless. Users are therefore cautioned of the inherent risks involved in procuring VCs.
There may be additional risks that we have not foreseen or identified in these Terms of Use.
You should carefully assess whether Your financial situation and tolerance for risk are suitable for buying, selling or trading VCs.

Limited Right of Use:

Unless otherwise specified, all Materials on this Website are the property of the Company and are protected by copyright, trademark, and other applicable laws. You may view, print, and/or download a copy of such Materials on any single computer solely for Your personal, informational, non-commercial use, provided You keep intact all copyright and other proprietary notices. The trademarks, service marks, and logos of Swapzone and others used in this Website whether registered or not ("Trademarks") are the property of the Company and their respective owners. The software, text, images, graphics, data, prices, trades, charts, graphs, video, and audio used on this Website belong to the Company. The Trademarks and Materials should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected or distributed in any form or by any means, whether manual or automated. It is strictly prohibited to use any of these Materials on any other website or networked computer environment for any other purpose. Any unauthorized use may violate copyright, trademark laws, or other applicable laws and could lead to criminal or civil legal action.

We reserve the right, at our sole discretion, to prosecute infringers of intellectual property rights in accordance with applicable civil, administrative, and criminal law.

Receiving emails:

If You agree to receive emails from Us by ticking the box ‘I agree to receive emails' then We are entitled to send you emails that will inform you on the status of your transaction (i.e. if transaction is completed). In addition, users will receive security alerts in the event of suspicious activity related to their account. The processing of Your email information is governed by Our Privacy Policy. The email address You provide will not be used for marketing or misleading purposes by Swapzone.

Usage:

Each User shall ensure compliance with the following terms while availing or accessing the Website or the Service:

The Website is solely for personal and non-commercial use.

You further agree that You will not use or trade in VCs using VCs than Your own and obtained through legal channels and for legal purposes.

You hereby agree that You shall not use the Website or the Service in connection with any activity violating any law, statute, ordinance, or regulation of any jurisdiction. Further, you shall not exchange VCs through the Website that are obtained through illegal activities, and you shall not use the Service to carry out any illegal activity, such as money laundering, illegal gambling, terrorist financing, and malicious hacking, in any jurisdiction.

Your source of VCs exchanged is unknown to Swapzone, so it is Your responsibility to ensure they always originate from legitimate sources.

By accessing the Website, You agree to provide Company with current, accurate, and complete information about Yourself as prompted by our Privacy Policy, and to keep such information updated. To initiate a VC exchange transaction, You shall also accept Privacy Policy and Terms of Use of the relevant VC exchanger as the transaction will be governed by its provisions. Additional requirements shall be set by VC exchangers in these documents as they are responsible for KYC and AML procedures.

Swapzone retains the right to request additional information from Users if suspicious activity is detected. In such cases, transactions may be delayed or blocked until the necessary information is provided and verified, in line with the compliance requirements of external VC exchangers.

A VC exchange can retain and confiscate all VCs sourced from what they believe to be illegal or suspicious sources at its sole discretion. Swapzone is not responsible for any actions taken by VC exchangers in this regard.

Should you become aware that anyone is unlawfully using Swapzone's Website or Services, you must immediately notify Swapzone by email at [email protected]. The User violating these Terms of Use may be reported to concerned authorities, restricted access to the Website, and held liable for any losses incurred by Company or any other User of the Website.

While Swapzone does not directly conduct KYC and AML compliance for transactions, it requires all partnering exchanges to implement stringent KYC and AML procedures. Swapzone reserves the right to request documentation and suspend any transaction pending further verification if suspicious activity is detected. While we strive to create a safe environment for VC enthusiasts, We are not responsible for their actions or those of other Users. Swapzone only acts as an information intermediary and an aggregator of various VC exchanges. In case of any technical or manual error that happens by Swapzone, the Company will, on a best-effort basis, take the steps to make the necessary corrections to the transactions and/or records involved and will notify You about the correction in a timely manner. Any liability created by such a correction shall be assumed by You.

Upon violation of these Terms of Use, You hereby consent to us suspending Your access.

External Websites:

The Website may provide links or other forms of reference to other websites ("External Websites") or resources over which We have no control. You acknowledge that Swapzone is providing any such links or references of External Websites or resources to You, including APIs to various virtual currency exchanges, only as a convenience to You. As a result, Swapzone makes no representations about any External Websites that You may access through or via this Website, including whether these External Websites are free of viruses, worms, trojan horses, and other destructive elements.

It is not Swapzone's responsibility to ensure that external websites are available and contain relevant material. You are responsible to review any privacy policies and terms of use posted by such External Websites before using them.

All third party content on the Website, including opinions, advice, statements, prices, activities, and advertisements, are not the responsibility of Swapzone, and You assume all risks from using such content or from trading VCs on such External Websites.

Prohibition on Money Laundering / Illegal Activities:

Abuse of this nature by the User will result in immediate access restrictions, and such activities will be reported to appropriate regulatory and statutory bodies.

All suspicious activities will be reported by Swapzone to the relevant authorities, for the purpose of initiating an investigation and prosecution against You if necessary.

Masking IP addresses or hiding transaction details using circumvention or obfuscating technologies is prohibited.

Users must not create or circulate any technologies that violate or facilitate the violation of the terms hereof, including masking IP addresses or obscuring transaction details.

It is forbidden for users to misrepresent, misinform or misguide Swapzone in any way. The User is hereby duly informed that all details will be shared with government authorities, and the User is solely responsible for providing accurate information or for legal action if they provide false or inaccurate information.

The User is cautioned against undertaking any suspicious activity on or through the Website. We reserve the right, but not the obligation, to verify suspicious or large transactions undertaken by You by sharing Your IP address with the relevant authority and, if necessary, contacting the relevant VC exchange on this matter.

Limitation of Liability:

The User of this Website is solely responsible for their actions in connection with the use of the Website and Service.

Swapzone is not responsible for the outcome, whether positive or negative, of any action performed by any of its Users within or related to the Website / Service.

It is agreed by the parties that Swapzone, its affiliates, officers, directors, agents, employees, and suppliers shall not be liable for any loss of profits, special, incidental or consequential damages except in cases of proven technical errors on the platform’s side, where Swapzone will take all reasonable steps to rectify the issue and provide compensation as per internal policy.

The use of Swapzone may carry risks as also detailed in the Risk section above, and is to be used as an experimental software only.

In no event shall Swapzone be liable or responsible for any damages, claims, applications, losses, injuries, delays, accidents, costs, business interruption costs, or other expenses (including, without limitation, attorneys' fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, loss of VCs or digital assets, work stoppage, data loss, computer failure or malfunction, or any other commercial or other losses directly or indirectly arising out of or related to these Terms of Use the Privacy Policy, any Service of Swapzone, the use of Swapzone, exchange of Your digital assets or VCs by any other party not authorized by You (collectively, all of the foregoing items shall be referred to herein as "Losses"). Swapzone is hereby released by You from liability for any and all Losses. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, strict liability, or any other basis, even if Swapzone has been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of other remedies. Notwithstanding anything else in these Terms of Use, in no event shall the combined aggregate liability of Swapzone for any Loss exceed US$ 25.

If We are unable to perform the Service outlined in the Terms of Use due to factors beyond our control, including but not limited to an event of force majeure, acts of malware, and unscrupulous acts of third parties resulting from unauthorized access or disabling of the Website or software of VC exchangers, change of law or change in sanctions policy, We shall not be liable to You with respect to the Service provided under these Terms of Use and for a time period coincident with the event.

If applicable law does not allow the above limitations of liability to apply between You and Swapzone in whole or in part, the limitations of liability will apply only to the extent permitted by applicable law.

Financial Regulation and Advice:

We do not provide any investment, legal or any other professional advice in connection with the Service contemplated by these Terms of Use. While We may provide information on the value, range, volatility of VCs, and events that may affect/have affected the value of VCs directly on the Website or through other social media channels, this is not considered professional advice and should not be construed as such. Swapzone will not be liable for any loss suffered by You in connection with any transaction involving Swapzone / the Service or the Website.

Prohibited Jurisdictions:

By accessing and using Swapzones services and the Website, you represent and warrant that you are not located in, or are not a citizen or resident of: United States of America, United Kingdom, Canada, Hong Kong, or any country subject to restrictions or sanctions related to cryptocurrency usage. List of counties with restrictions or sanctions related to cryptocurrency usage:

The Islamic Republic of Afghanistan
The People's Democratic Republic of Algeria
The Arab Republic of Egypt
The People's Republic of Bangladesh
The Plurinational State of Bolivia
The Republic of Burundi
The Republic of Cameroon
The Republic of Chad
The People's Republic of China
The Republic of the Congo
The Federal Democratic Republic of Ethiopia
The Gabonese Republic
The Republic of Iraq
The Kingdom of Lesotho
The State of Libya
The Republic of North Macedonia
The Kingdom of Morocco
The Republic of the Union of Myanmar
The Federal Democratic Republic of Nepal
The State of Qatar
The Republic of Sierra Leone
The Republic of Tunisia
The Republic of Ghana
The State of Kuwait
Democratic People's Republic of Korea
Islamic Republic of Iran
Federal Republic of Somalia
Republic of South Sudan
Republic of the Sudan
Republic of Yemen

User Data Collection and Usage:

By using the Website and its Services, You acknowledge and agree that Swapzone collects certain technical information to ensure proper operation and functionality of the Website. This information includes, but is not limited to, your IP address, user agent, browser type, device identifiers, and other metadata related to your access and interaction with the Website. The data is collected for the following purposes:

Performance monitoring and improvement: To analyze how users interact with the Website and to improve its performance. Security and fraud detection: To ensure compliance with security protocols and detect suspicious activity, including but not limited to potential fraud, unauthorized access, or misuse of the Service.

Compliance with legal and regulatory requirements: In cases where applicable laws or third-party VC exchangers may require identity verification or tracking of certain transaction activities.

We collect certain non-personally identifiable information, such as IP addresses and user agent data, as part of our standard website operation. This data is used to analyze website performance, improve user experience, and for security purposes. We also share this collected metadata with third-party services, such as Google Analytics, for the purposes of website analytics and performance tracking. However, we do not share personally identifiable information unless explicitly provided by You (such as via contact forms or support requests) or as required for transaction execution and security.

Please note that Swapzone does not share your metadata with third parties for marketing or other unrelated purposes. Your data is processed in accordance with our [Privacy Policy], and we apply reasonable measures to ensure that the data is securely stored and protected from unauthorized access. Should You have any questions or concerns regarding the collection or use of Your data, You can contact Us via [email protected]

Assignment:

You acknowledge and agree that the Company can freely assign these Terms of Use or any of its rights under these Terms of Use to any person without Your consent. You shall, however, not be entitled to assign these Terms of Use, in whole or in part, to another person without the prior written approval of the Company.

Termination:

You may terminate this agreement with Us, at any time, following settlement of any pending transactions.You have the right to terminate the Terms of Use unilaterally at any time without notice to Swapzone by stopping using the Website. A unilateral termination of the Terms of Use does not relieve the Client of its liability for violations committed during the term of validity.

You agree that the Company may, by giving notice, in its sole discretion, restrict Your access to the Website including without limitation, suspending or terminating the Service, prohibiting access to the Website and its content, services and tools, delaying or removing hosted content, and taking technical and legal actions to keep You off the Website if We, in our sole discretion, reasonably perceive that You are creating any problems, including without limitation, possible legal liabilities, infringement of the intellectual property rights, or acting inconsistently with the letter or spirit of these Terms of Use.

We may, in appropriate circumstances and at our sole discretion, initiate the above actions for any reason, including without limitation:

attempts to gain unauthorized access to the Website or providing assistance to others' attempting to do so
usage of the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities
violations of these Terms of Use
unexpected operational difficulties
upon the request of law enforcement or other government agencies.

Consequences of Termination:

Upon termination of this Agreement or earlier determination, the rendering of the Services shall stand immediately terminated by the Company and the User shall not be entitled to access or avail the Website.

Jurisdiction:

These Terms of Use shall be governed and construed in accordance with the laws of Georgia.

The Parties agree to first attempt to resolve disputes by negotiation. In case of a dispute, the Client should contact the support service via email at [email protected] by any other means specified on the Website, indicating that the matter should be brought to the attention of Swapzone's legal team. Swapzone's legal team must provide a written response within 10 business days via the Client's means of communication specified in the request.

If the dispute cannot be resolved by negotiation, You agree to the exclusive jurisdiction and venue of the appropriate court located in Tbilisi, Georgia, for the resolution of any disputes arising from these Terms of Use.

Indemnity:

To the full extent permitted by applicable law, You hereby agree to indemnify Swapzone, and its affiliates, officers, directors, agents, employees, and suppliers against any action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurred arising either directly or indirectly from Your use of the Website, the Service, or from Your violation of these Terms of Use.

Invalidity:

If one or more provisions of these Terms of Use are held invalid by an enforceable court decision in a dispute between the Client and Swapzone, the remaining provisions shall remain in effect for the Client and Swapzone.

Waiver:

Swapzone's failure to enforce these Terms of Use in a timely manner shall not be construed as a waiver of Swapzone's past or future obligations.

Modification of Terms:

Swapzone reserves the right to change, add or remove or modify the Website, the Service, the Terms of Use or any content therein, at any time, with or without notice, in its sole discretion.

The most recent version of the Terms of Use can be accessed at: https://swapzone.io/docs/terms

Over time, We may unilaterally amend Agreement, including to comply with the latest changes in the applicable law and jurisprudence. All changes come into force from the moment they are published on this page, unless a different period is indicated in the text of the amendments. We will make every effort to organize additional ways to notify You of amendments, but we ask you to regularly check for the latest version on the Website yourself.

Contact:

If You have any questions relating to these Terms of Use, Your rights and obligations arising from these Terms of Use and/or Your use of the Website and the Service, or any other matter, please contact us at [email protected].

Legal entity's name: Block Back LLC

Registration number: 402184710

Legal address: Georgia, Tbilisi, Saburtalo district, Bakhtrioni street, N 22, flat N 75

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Terms of Use