Terms of Use

These Terms of Use (or “Terms”) constitute a legally binding agreement made between you, whether personally or on behalf of an entity (“you” or “User”) and P2P Staking (“P2P Staking,” “P2P”, “we,” “us,” or “our”), concerning your access to and use of the https://p2p.org/ website and all associated domains (the “Site”) as well as any other media form, media channel, mobile website, applications, digital services, validation services, or any other types of Services provided by us (collectively, the “Services”, separately for specific Service – “Parts of the Services”).

“Blockchain” means a distributed digital ledger that is not under the control of a single identifiable or discreet individual or entity and where accounts (including units of account contained in them) cannot be manipulated without providing a user’s specific private key.

“Cryptocurrency” or “Cryptocurrencies” refers to distributed, decentralized peer-to-peer digital currencies that are tracked by a Blockchain.

“User Data” means all data, files, and information that the User provides to P2P Staking in the course of using the Services or the Parts of the Services. Although we perform regular routine backups of data, you are solely responsible for all data that you transmit or that relates to any activity you have undertaken using the Site. You agree that we shall have no liability to you for any loss or corruption of any such data, and you hereby waive any right of action against us arising from any such loss or corruption. Note that any information posted to a public Blockchain is accessible to the public, and you should not expect confidentiality nor a guarantee against reproduction for such data (whether or not in connection to our Services or the Parts of the Services).Please refer to our Privacy Policy for information about how we collect, use, and share yourinformation.

“User Funds” means the Cryptocurrencies controlled by the User, which were non-custodially delegated to P2P Staking for Validation or otherwise are deemed as such in accordance with the terms applicable to the Parts of the Services.

“Validator Rewards” means all Cryptocurrency generated by operating validator nodes (“Validator Nodes”), including, but not limited to, block rewards, endorser rewards, transaction fees, and any other direct payments as a result of operating a Validator Node.

“Third-Party Smart Contract Providers” means any third party that has deployed a smart contract on Blockchain and/or has the ability to modify its parameters or functionality.

“P2P Fees” means the fees charged by P2P Staking for the Services or the Parts of the Services, respectively.

We reserve the right, but not the obligation, to:

You represent and warrant that, at each moment of usage of the Service or the Parts of the Services, the Site, the following are not subject to any sanctions administered or imposed by any regulatory or governmental authority, including but not limited to sanctions imposed by:

For natural persons, this representation extends to you, any cryptocurrency wallet, any address on any Blockchain network, or any smart contract or other technology owned or controlled by you. For entities, it extends to you, any of your affiliates, branches, subsidiaries, and any cryptocurrency wallet, any address on any Blockchain network, or any smart contract or other technology owned or controlled by you, your affiliates, branches, or subsidiaries.

‍For both natural persons and entities, it further extends to any legal entity in which you are involved (including, but not limited to, as a director, beneficiary, member of any governing body, contractor, or employee), as well as any cryptocurrency wallet, any address on any Blockchain network, or any smart contract or other technology owned or controlled by such legal entities.

You represent and warrant regarding the following territories: Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, the Central African Republic, Cuba, DRC (Congo), Ethiopia, Guatemala, Guinea, Haiti, Iran, Iraq, Lebanon, Libya, Macedonia, Mali, Moldova, Myanmar (Burma), Nicaragua, Niger, North Korea, Russia, Serbia, Somalia, South Sudan, Sudan, Syria, Tunisia, Venezuela, Yemen, Zimbabwe, the Cayman Islands, and regions of Ukraine (Luhansk and Donetsk regions, Crimea, Zaporizhia, and Kherson regions).

If you are unable to provide the representations and warranties specified in this Section, you are not entitled to use the Service, the Parts of the Services, the Site.

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, YOU RELEASE P2P AND P2P PARTIES FROM RESPONSIBILITY, LIABILITY, CLAIMS, DEMANDS, AND/OR DAMAGES (ACTUAL AND CONSEQUENTIAL) OF EVERY KIND AND NATURE, KNOWN AND UNKNOWN (INCLUDING, BUT NOT LIMITED TO, CLAIMS OF NEGLIGENCE), ARISING OUT OF OR RELATED TO DISPUTES BETWEEN YOU AND OTHER USERS OF THE SERVICES AND THE ACTS OR OMISSIONS OF ANY THIRD PARTIES. YOU EXPRESSLY WAIVE ANY RIGHTS YOU MAY HAVE UNDER ANY APPLICABLE LAW AS WELL AS ANY OTHER STATUTE OR COMMON LAW PRINCIPLES THAT WOULD OTHERWISE LIMIT THE COVERAGE OF THIS RELEASE TO INCLUDE ONLY THOSE CLAIMS THAT YOU MAY KNOW OR SUSPECT TO EXIST IN YOUR FAVOR AT THE TIME OF AGREEING TO THIS RELEASE.

IN THE EVENT OF A CONFLICT BETWEEN THESE TERMS AND ANY OTHER PROVISIONS OF ANY DOCUMENT OR ANY STATEMENT OF ANY THIRD PARTY (INCLUDING THIRD PARTY SMART CONTRACT PROVIDER(S)), THE PROVISIONS OF THESE TERMS OF USE WILL GOVERN.
 YOU WAIVE RELIANCE ON ANY THIRD- PARTY PROVISIONS OR STATEMENTS IN ANY DISPUTE OR PROCEEDING IN THE EVENT OF THE CONFLICT.

You agree to indemnify, defend, and hold harmless P2P, its Affiliates, officers, directors, employees, agents, and service providers from and against any and all claims, demands, actions, suits, proceedings, losses, liabilities, damages, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to:

This indemnification obligation applies to any and all claims brought by third parties, including individuals, organizations, or regulatory authorities, in connection with the above, and includes covering all losses or damages sustained by P2P as a result of such claims.

All information provided by P2P, including on the Site, is for informational purposes only and is not, and should not be construed as, legal, financial, tax, or any other specialized or expert advice upon which you might depend to your detriment, thereby causing liability for P2P. In using the Service, you represent and warrant that you have either sought independent professional advice from an expert qualified to provide such counsel or that you possess sufficient knowledge and sophistication to evaluate the risks and merits associated with the Services.

You further represent and warrant that you understand that any recommendations or commentary made by P2P, its employees, or other users are general in nature, and that you should use your own judgment or seek expert advice before taking any action regardless of such statements.

These Terms are not intended to, and do not, create or impose any fiduciary duties on P2P. To the fullest extent permitted by law, you acknowledge and agree that P2P owes no fiduciary duties or liabilities to you or any other party, and that any such duties or liabilities are hereby irrevocably disclaimed, waived, and eliminated.

ALL MATTERS REGARDING THE SERVICE AND ITS EXECUTION, INCLUDING ANY DISPUTES OR CLAIMS ARISING FROM OR RELATED TO THESE TERMS OF USE, SHALL BE GOVERNED BY AND RESOLVED IN ACCORDANCE WITH THE LAWS OF THE CAYMAN ISLANDS.

ANY DISPUTE, CONTROVERSY, OR CLAIM REGARDING THE SERVICE AND ITS EXECUTION, INCLUDING ANY DISPUTES OR CLAIMS ARISING FROM OR RELATED TO THESE TERMS, SHALL BE EXCLUSIVELY RESOLVED IN THE JURISDICTION OF THE GRAND COURT OF THE CAYMAN ISLANDS. YOU AGREE THAT YOU ARE SUBJECT TO THE JURISDICTION OF SUCH COURT AND SHALL NOT BRING CLAIMS OR DISPUTES IN ANY OTHER COURT OR JURISDICTION.

At P2P’s option, any dispute may be resolved by confidential, binding arbitration seated in the Cayman Islands and conducted in the English language in accordance with the Commercial Arbitration Rules of the American Arbitration Association (the “Rules”). The arbitrator shall be appointed in accordance with the procedures set out in the Rules. The arbitrator’s award or decision shall be final and binding upon the parties, and the parties expressly waive any right to appeal or otherwise challenge the arbitrator’s award, ruling, or decision.

The judgment of any award or decision may be entered in any court having competent jurisdiction to the extent necessary. If P2P elects to have a dispute resolved by arbitration pursuant to this Section, no party shall (or permit its representatives to) commence, continue, or pursue any dispute in any court. However, P2P shall be entitled to obtain injunctive relief to prevent breaches of this provision and to specifically enforce its terms and provisions, in addition to any other remedy to which P2P is entitled at law or in equity.

In no event shall any claim, action, or proceeding brought by either Party related in any way to the Site or Services be commenced more than 1 (one) year after the cause of action arose, or, if different, when knowledge of the cause of action should have been reasonably obtained by the infringed-upon party; for the purposes of these Terms, knowledge of information on a Blockchain is considered to have been reasonably obtained when it is included in a block that is accepted by the requisite number of validators necessary to be considered consensus according to the customs and technical conditions of that Blockchain.

For the purposes of these Terms of Use, the following interpretations shall apply:

BY UTILIZING THIRD-PARTY SERVICES, YOU MAY BECOME ELIGIBLE TO RECEIVE AIRDROPS. AN AIRDROP MAY RESULT IN THE ALLOCATION OF TOKENS OR POINTS TO YOU AND MAY INVOLVE THE FOLLOWING ACTIONS (COLLECTIVELY, "AIRDROP ACTIVITIES"; IN THE SINGULAR, "AIRDROP ACTIVITY"):

ALL OF THE ABOVE CRITERIA WILL BE CONSIDERED IN THEIR ENTIRETY. IF THE FIRST CRITERION IS STRONGER AND THE SECOND, (OR) THIRD, AND (OR) THE FOURTH CRITERIA ARE WEAKER, PAYMENTS SHALL BE CONSIDERED AS VALIDATOR REWARDS OR OTHER REWARDS APPLICABLE TO THE CORRESPONDING PARTS OF THE SERVICES, AND VICE VERSA. IN ALL DISPUTES, P2P RESERVES THE FINAL DECISION AS TO DETERMINING THE NATURE OF THE PAYMENT. YOU IRREVOCABLY WAIVE ANY AND ALL CLAIMS AGAINST P2P AND ITS AFFILIATES IN CONNECTION WITH SUCH DECISION. HOWEVER, IF ANY DOCUMENTATION OF THE ISSUER OF A TOKEN OR POINT IS DESCRIBED AS AN AIRDROP, IN ANY CASE, SUCH POINT OR TOKEN IS CONSIDERED AN AIRDROP.

Neither P2P holds, manages, nor knows your private keys, seed phrases, or passwords. All your digital assets, seed phrases, and private keys required to access and operate them remain under your complete control and disposition. P2P provides non-custodial services only. You are solely responsible for ensuring that your seed phrase, password, data, and any other information used by you to access the Service are kept secure and confidential. All operations regarding digital assets are performed solely by you, and P2P assumes no liability for any reason whatsoever related to such operations.

P2P may request from you any documents and information necessary for KYC/AML or “KYB” when deemed necessary. Due diligence and KYC/AML requirements, as determined by P2P, may include, without limitation, checking the information you provide against any list issued by any governmental or international authority prohibiting or limiting business activities or transactions with any persons. You may be required to provide P2P with certain personal information, including but not limited to your name, email address, mobile phone data, passport, ID or other government-issued identification, digital wallet address, residency, date of birth, physical address, bank account information, payment card (debit/credit) information, documents regarding sources of funds, and any other information and/or documents required to use the Services.

You hereby authorize P2P, directly or through a third party, to make any inquiries P2P deems necessary to verify your identity, residency, source of funds, or to protect against fraud, including but not limited to:

You further authorize all third parties to which such inquiries or requests may be directed to fully respond to such inquiries or requests. P2P shall have no liability or responsibility for any permanent or temporary inability to access or use any Services, the Parts of the Services as a result of any identity verification or other screening procedures.