Terms of Service

Last updated: February 23, 2025

1. Introduction

These Terms of Service ("Terms") govern your access to and use of Portunix Labs.'s ("Portunix," "we," "us," or "our") website, applications, and smart wallet services (collectively, the "Services"). By accessing or using our Services, you agree to be bound by these Terms. If you do not agree to these Terms, do not use our Services.

2. Service Description

Portunix provides a self-custodial smart wallet service that enables users to manage digital assets. The Services include smart contract functionality, transaction management, and related features. We do not provide custody of your assets, financial advice, or act as a financial institution.

3. Disclaimer of Warranties

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE EXPLICITLY DISCLAIM ALL WARRANTIES, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

We do not warrant that the Services will be uninterrupted, secure, or error-free, that defects will be corrected, or that the Services are free of viruses or other harmful components.

4. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, PORTUNIX, ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY DAMAGES, LOSSES, OR CLAIMS OF ANY KIND ARISING OUT OF OR RELATED TO YOUR USE OF THE SERVICES, WHETHER SUCH DAMAGES ARE DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. UNDER NO CIRCUMSTANCES SHALL WE BE LIABLE FOR ANY DAMAGES WHATSOEVER.

5. Risks and Responsibilities

You acknowledge and agree that:

  • You are solely responsible for managing and securing your digital assets.
  • Blockchain technology and cryptocurrencies involve significant risks, including total loss of value.
  • We are not responsible for any losses resulting from your use of the Services.
  • You will comply with all applicable laws and regulations.
  • You understand that blockchain transactions are irreversible.

6. Indemnification

You agree to indemnify, defend, and hold harmless Portunix and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, costs, or expenses (including reasonable attorneys' fees) arising from or related to:

  • Your violation of these Terms
  • Your use of the Services
  • Your violation of applicable laws or regulations
  • Your violation of any third-party rights

7. Service Modifications and Termination

We reserve the right to modify, suspend, or discontinue any part of the Services at any time without notice or liability. We may also terminate or suspend your access to the Services immediately for any reason, including if we believe you have violated these Terms.

8. Governing Law and Jurisdiction

These Terms shall be governed by and construed in accordance with the laws of Singapore, without regard to its conflict of law provisions. Any disputes arising from these Terms or the Services shall be subject to the exclusive jurisdiction of the courts of Singapore.

9. Changes to Terms

We reserve the right to modify these Terms at any time. We will notify users of material changes by posting the updated Terms on our website. Your continued use of the Services after such changes constitutes acceptance of the updated Terms.

10. Prohibited Activities

You agree not to use the Services to engage in any illegal, unlawful, or unauthorized activities. This includes, but is not limited to, any activities that violate local, national, or international laws, regulations, or orders, such as fraud, money laundering, or other criminal behavior. Any use of the Services for such purposes is strictly prohibited, and we reserve the right to immediately suspend or terminate your access if we determine, at our sole discretion, that you have engaged in any such prohibited activities.

11. Contact Information

If you have any questions about these Terms, please contact us at [email protected].

12. Intellectual Property Rights

All content, trademarks, service marks, and logos displayed on the Services are the property of Portunix or its licensors. You agree not to use, reproduce, or distribute any content without our prior written consent.

13. Privacy Policy

Your use of the Services is also governed by our Privacy Policy, which is incorporated herein by reference. Please review our Privacy Policy to understand our practices regarding your personal data.

14. User Account and Security

If the Services require you to create an account, you are responsible for maintaining the confidentiality of your account credentials. You agree to notify us immediately of any unauthorized use of your account.

15. Dispute Resolution and Arbitration

Any dispute arising from these Terms or the Services shall be resolved through binding arbitration in accordance with the laws of Singapore, except that either party may seek injunctive or equitable relief in a court of competent jurisdiction.

16. Force Majeure

Portunix shall not be liable for any failure or delay in performance due to causes beyond its reasonable control, including natural disasters, acts of government, labor disputes, or other unforeseen events.

17. Severability and Waiver

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. Failure to enforce any right or provision shall not constitute a waiver of such right or provision.

18. Entire Agreement

These Terms, along with any policies referenced herein, constitute the entire agreement between you and Portunix regarding the use of the Services, superseding any prior agreements.

19. Export Controls and Regulatory Compliance

You agree to comply with all applicable export control laws and regulations. You are solely responsible for ensuring that your use of the Services complies with any local, national, or international laws.

20. Tax Responsibilities

You acknowledge and agree that you are solely responsible for any tax obligations that may arise from your use of the Services, including transactions conducted using digital assets.