Burrito Swap Terms of Service
- Purpose
These terms and conditions (the "Terms") govern the relationship between users (the "Users") and Burrito Swap ("Burrito Swap"or "we"), a decentralized exchange (DEX) platform for trading cryptocurrency. By using Burrito Swap, you agree to be bound by these Terms.
- Eligibility
If you are an individual, you must be of legal age to enter into a contract and have the legal capacity to do so in the jurisdiction in which you reside in order to fully understand the content of the Service and the laws related to the Service and to use the Service. If you are representing a corporation, you represent and warrant that the corporation is duly organized and validly existing under the applicable laws of the jurisdiction in which it is organized, and that you have the authority to bind the corporation. You further represent and warrant that you are not a person who is prohibited from trading digital assets under any applicable law or regulation, and that you will not use the Service for any prohibited activities. We may, in our sole discretion, or as required by law or regulatory requirements, not offer the Service in certain markets. Additionally, persons who are restricted from trading or who are from restricted jurisdictions are prohibited from using our services through the use of a virtual private network (VPN) or other means.
- Legal Compliance
You agree that you are solely responsible for complying with all laws and regulations applicable to you. You also agree that we have no obligation to notify you of any potential legal liability or regulatory violation that may arise in connection with your access to and use of our Service, and that we will not be liable for your failure to comply with any applicable law or regulation.
- Personal Information
Burrito Swap is a decentralized blockchain service without a centralized intermediary. Since it is not a service that requires registration, it does not collect, use, or store any personally identifiable information (PII). However, we may track wallet addresses and transaction addresses to troubleshoot potential issues with the service, such as identifying the cause of transactions not going through smoothly due to network issues with specific tokens from third parties. This information is publicly available on the blockchain and can be accessed and verified by anyone. It is not considered PII. Nevertheless, the company takes measures to ensure security in accordance with data protection for the smooth provision of the service. This can be found in the privacy policy.
- Fees and Estimated Prices
When using the Burrito Swap service, users are required to pay fees, including "gas" fees, which are necessary to interact with the blockchain network. We strive to provide accurate fee information, but this information reflects estimated fees and may differ from the actual fees required to interact with the blockchain network at the time of the actual transaction.
- No Professional Advice or Fiduciary Duty
We do not provide advice on the merits of any particular trade, the risks of trading, or the tax consequences of trading. We also do not provide any other financial, investment, or legal advice in connection with our Service. Any content or market evaluations that we may provide that may appear to be recommendations for trading are simply for informational sharing or reference purposes and should not be interpreted as investment or financial advice. The execution of digital asset trades is an independent decision of the user, and the user is solely responsible for the evaluation process for trading and the results of the trade. We are not responsible for any losses incurred.
- Limitation of Liability
Transactions executed using Burrito Swap are directly executed between user blockchain addresses through smart contracts. Therefore, Burrito Swap does not have the authority to execute or stop trades for users and does not have any supervision, involvement or control over user trades. Additionally, we do not have access to users' private keys and cannot interact with or access users' digital assets. Therefore, you expressly acknowledge and agree that you are solely responsible for trades executed through Burrito Swap.
The User acknowledges that Burrito Swap is not responsible for the transfer, protection, or maintenance of the User's private keys or associated digital assets. If the User loses, mismanages, or has their private key stolen, the associated digital assets cannot be recovered, and the User acknowledges that Burrito Swap is not responsible for this.
The fair market value and value of cryptocurrency in terms of fiat currency can be extremely volatile and highly unstable. Users acknowledge and agree that this may result in fluctuations in investment value, loss of investment, and the possibility that investment funds may not be recoverable. Users acknowledge and agree that the transaction fees and speeds of blockchain-based systems can be variable and can increase or decrease dramatically at any time, which may result in periods of extended time when tokens cannot be accessed or used.
- Force Majeure
Burrito Swap shall not be liable for any failure or delay due to circumstances beyond its reasonable control. Such circumstances include, but are not limited to, government actions or acts of terrorism, earthquakes, fires, typhoons, floods, wars, hacker attacks, computer virus infections, regulatory changes that make this Agreement illegal or otherwise unenforceable, labor disputes, other system or network problems or outages, machine or data processing failures, or other legal obligations.
- Governing Law and Jurisdiction
Any dispute between the Company and the User shall be governed by and construed in accordance with the laws of the Republic of Korea. In the event of any dispute arising out of or relating to these Terms or the use of the Services, the exclusive jurisdiction and venue for any litigation shall be in the Seoul Central District Court of the Republic of Korea.
Supplemental Provisions
These Terms shall be effective as of June 21, 2024.
