By using our Wallet (the "Wallet")embedded within the LETSTOP mobile application (the "App"),you agree to these Terms of Use (the “Terms”). Please read themcarefully before accessing or using the Wallet. If you do not agree to theseTerms, you may not use the Wallet.
By using the Wallet, and thus, acceptingthese Terms, the User does not rely on any representation, warranty or otherprovision except as expressly provided in these Terms and all conditions,warranties or other terms and any implied law are hereby excluded to thefullest extent permitted by law.
By creating a Wallet within the App, you acknowledge and agree to be bound by these Terms of Use, the general terms applicable to the App, and our Privacy Policy. The Wallet is designed for use by individuals over the age of 18.
2.1. The Wallet provides functionalities for managing and storing supported $STOP cryptographic tokens (the "Tokens"). It enables you to:
2.1.1. Store, send, and receive Tokens.
2.1.2. View balances and transaction history.
2.2. LETSTOP does not hold, control, or have access to your Tokens or private keys. The Wallet operates as a non-custodial wallet, meaning you have sole responsibility for managing your Tokens and private keys.
3.1. Account Creation:
To use the Wallet, you may be required to create an account within the App and agree to additional terms, e.g. two-factor authentication and PIN code creation or any other security manner we may implement for the protection of our Users and systems.
3.2. Private Keys and Backup:
You are solely responsible for securely storing your private keys, backup phrases, and any other security-related credentials associated with the Wallet. Loss of private keys or backup phrases may result in the irreversible loss of your Tokens.
3.3. Security Practices:
You agree to take all necessary measures to maintain the security of your Wallet, including keeping your device secure, safeguarding your PIN code and credentials, and avoiding sharing any sensitive information.
You understand and agree that:
4.1. LETSTOP does not provide custodial services for your Wallet or Tokens. Any loss or theft resulting from misuse, hacking, phishing, or loss of private keys is your sole responsibility.
4.2. You are responsible for complying with applicable laws and regulations related to your use of the Wallet, including tax obligations.
4.3. You may not use the Wallet for any unlawful activities, including but not limited to money laundering, fraud, or terrorism financing.
4.4. The Wallet may only support the Tokens. LETSTOP does not guarantee the compatibility of any digital Tokens with the Wallet other than the Tokens.
4.5. Some features of the Wallet may rely on third-party services, such as exchanges or payment processors. LETSTOP is not responsible for any third-party actions or omissions.
Transaction Processing: All transactions are irreversible once they are broadcast to the blockchain. LETSTOP has no control over blockchain networks and is not responsible for delayed or failed transactions.
5.1. All transactions are irreversible once they are broadcast to the blockchain. LETSTOP has no control over blockchain networks and is not responsible for delayed or failed transactions.
5.2. Transactions conducted through the Wallet may require fees paid to the relevant blockchain network. LETSTOP does not control these fees and may provide only estimates.
5.3. The User shall bear sole responsibility for the any transaction in the Wallet and the addresses provided by the User and such addresses’ compatibility to the Tokens. In the event that the User provides a non-accurate address or an incompatible recipient wallet, this will most likely result in Tokens being lost or transferred to a recipient which is not the User or the intended recipient, in which case the User understands that the Company will not be deemed liable and will not return the Tokens or transfer any additional Tokens.
6.1. You represent, acknowledge and agree that any download, installation, use or access you make in connection with the App or the Wallet is done at your sole risk, and shall be your sole responsibility, in accordance with the Terms.
6.2. You represent and warrant that you: (i) do not reside; (ii) are not located; (iii) do not have a place of business; or (iv) are not conducting business (any of which makes you a “Resident”) in the state of New York. You further represent and warrant that you are not a Resident of any other state or country that requires virtual currency businesses to be licensed.
6.3. You represent and warrant that you are not: (i) a US Person, as such term is defined in Regulation S of the Securities Act of 1933 of the United States, unless you are an “Accredited Investor” as such term is defined in Rule 501(a) of Regulation D, promulgated by the United States Securities and Exchange Commission under the Securities Act of 1933, as amended; (ii) a Resident of a jurisdiction in which access to, trading or use of the Tokens (as defined below) is prohibited by applicable law, decree, regulation, treaty, or administrative act, (iii) a Resident of, or located in, a jurisdiction that is subject to U.S. sanctions or embargoes or a Resident of a Sanctioned Jurisdiction (as defined below), or (iv) an individual, or an individual employed by or associated with an entity, identified on the U.S. Department of Commerce’s Denied Persons or Entity List, the U.S. Department of Treasury’s Specially Designated Nationals or Blocked Persons Lists, or the U.S. Department of State’s Debarred Parties List. You agree that if the country of your residence or other circumstances change such that the above representations are no longer accurate, you will immediately cease trading or use of the Tokens.
6.4. You represent and warrant that: (i) you have full power and authority to consummate the transactions contemplated under these Terms; (ii) if you are entering into these Terms on behalf of a legal entity, such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; (iii) if you are entering into these Terms on behalf of a legal entity, all corporate action on the part of such entity, its shareholders and directors or partners, as the case me be, that are necessary for the authorization, execution and performance of all of such entity’s obligations under these Terms have been taken; (iv) these Terms have been duly agreed to by you and your agreement to these Terms is valid and binding upon you and enforceable in accordance with the terms hereof.
6.5. You represent and warrant that neither you nor any person or entity directly or indirectly controlling, controlled by or under common control with an entity you control is a person identified as a terrorist or terrorist organization on any relevant lists maintained by governmental authorities.
6.6. You represent and warrant that none of the cash or property that have been used in the context of your use of the Wallet, shall cause the Company or its affiliates, directors, officers and representatives to be in violation of the United States Bank Secrecy Act, the United States Money Laundering Control Act of 1986 or, the United States International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001, the Israeli Prohibition on Money Laundering Law, 5760-2000, and any regulations promulgated thereunder, as such laws and regulations may be amended from time to time, or any similar laws or regulations of any other applicable jurisdiction.
6.7. You agree to be bound by any affirmation, assent or agreement that you transmit to the Company or its affiliates by computer or other electronic device, including internet, telephonic and wireless devices, including, but not limited to, any consent you give to receive communications from the Company or any of its affiliates solely through electronic transmission. You agree that when you click on an “I Agree,” “I Consent,” or other similarly worded button or entry field with a mouse, keystroke or other device, your agreement or consent will be legally binding and enforceable on you or, in the event you are acting on the behalf of any corporate entity, on such entity, as applicable, and will be the legal equivalent of the your handwritten signature on an agreement that is printed on paper.
6.8. You represent and warrant that you have conducted your own analysis and made its own decision to enter into these Terms and agree to use the Wallet or the Tokens and have obtained, or had the chance to obtain, such independent advice (including accounting, legal and tax advice) in this regard as you deemed appropriate and you have not relied in such analysis or decision on any Person other than your own independent representatives.
6.9. You hereby clarify that you are familiar with the English language and do not require translation to any other language. You hereby agree that you have been represented by counsel during the review and entry into these Terms or have had the opportunity to obtain one and, therefore, these Terms shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. In the event any ambiguity or question of intent or interpretation arises, these Terms shall be construed as if drafted jointly by both Parties, and no presumption or burden of proof shall arise favoring or disfavoring either party by virtue of the authorship of any provision of these Terms.
7.1. You hereby acknowledge and agree that all intellectual property rights including, but not limited to, all copyrights, trademarks, patents, characters, trade names, software code, trade secrets, icons, logos, layouts, and graphics are the Company’s exclusive intellectual property and are all protected by national and international intellectual property laws and treaties including all applicable copyright laws and regulations. Please note that the Wallet may contain third-party copyrights, graphics, logos or trademarks, and you are not granted any right or license with respect to our trademarks or the trademarks of any third party.
7.2. Subject to the terms and conditions of the Terms and your compliance with applicable laws and regulation, the Company hereby grants you a limited, non-exclusive, non-transferable, non-sublicensable, worldwide license and the right to use and access the Wallet on a mobile device that you own or control or via a computer, solely for your own internal purposes. Nothing in the Terms shall be construed to grant you any rights in the Wallet, and all such rights not granted hereunder are expressly reserved by the Company.
7.3. As part of the Wallet and the services and products therewith, we look forward to users’ comments, suggestions or feedback including with respect to improvements, compliments, or other issues as related to the Wallet (“Feedback”). Please be aware that Feedback provided to us shall not be considered confidential or proprietary. You acknowledge and agree that by submitting Feedback to us, you hereby grant us a fully paid-up, worldwide, non-exclusive, perpetual, sub-licensable, irrevocable license to use, reproduce, display and publish such Feedback, without any additional consideration.
7.4. Except as set forth hereunder, you may not copy, alter, adapt, modify, reproduce, distribute or commercially exploit any materials, including graphics, video, text, audio, software code, design, logos or user interface from the Wallet, without our prior written consent. You hereby represent and undertake that you will not make any copies of, decompile or disassemble, reverse engineer, distribute, modify, adapt, translate or otherwise transfer, rent, lease, resell, sublicense or otherwise commercially exploit the Wallet or any part thereof, except as permitted hereunder.
8.1. To the fullest extent permitted by applicable law, the User shall fully and effectively indemnify, defend and hold harmless the Company and its Agents from and against any and all claims, judgements, demands, actions, damages, losses, costs and expenses (including Taxes as well as reasonable professional and legal fees) that arise from or relate to: (i) the purchase or Holding of Tokens; (ii) the User’s responsibilities or obligations under these Terms; (iii) violation of these Terms by the User; or (iv) violation of the User of any rights of any other person or entity.
8.2. The Company reserves the right to exercise sole control over the defense, at the User’s expense, of any claim subject to this indemnity. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between the User and the Company.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EXCEPT AS OTHERWISE EXPRESSLY SPECIFIED IN WRITING BY THE COMPANY, (A) THE TOKENS ARE SOLD ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND MADE BY THE COMPANY, AND THE COMPANY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES AS TO THE TOKENS, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT; (B) THE COMPANY DOES NOT REPRESENT OR WARRANT THAT THE TOKENS ARE RELIABLE, CURRENT OR ERROR-FREE, MEET THE USER’S REQUIREMENTS, OR THAT DEFECTS IN THE TOKENS SHALL BE CORRECTED; AND (C) THE COMPANY CANNOT AND DO NOT REPRESENT OR WARRANT THAT THE TOKENS OR THE DELIVERY MECHANISM FOR TOKENS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.
10.1. NEITHER THE COMPANY NOR ANY OF ITS RESPECTIVE REPRESENTATIVES OR AFFILIATES, SHALL BE LIABLE UNDER THESE TERMS FOR ANY CONSEQUENTIAL OR INDIRECT LOSS, LOSS OF PROFIT OR REVENUE, LOSS OF GOODWILL OR SPECIAL, PUNITIVE OR ENHANCED DAMAGES ARISING OUT OF OR RELATING TO ANY BREACH OF THESE TERMS.
10.2. OTHER THAN IN THE EVENT OF THE GROSS NEGLIGENCE, FRAUD OR INTENTIONAL, WILLFUL OR RECKLESS MISCONDUCT OF COMPANY, THE AGGREGATE COMBINED LIABILITY OF THE COMPANY ARISING OUT OF OR RELATED TO THESE TERMS AND/OR THE TOKENS, WHETHER ARISING OUT OF OR AS A RESULT OF BREACH OF CONTRACT, TORT OR OTHERWISE, SHALL NOT EXCEED $500.
10.3. THE USER ACKNOWLEDGES THAT ALL OF THE USER’S RIGHTS AND REMEDIES ARE CONTAINED OR REFERRED TO IN THESE TERMS, AND THE USER SHALL NOT HAVE ANY OTHER RIGHT OR REMEDY, INCLUDING A CLAIM FOR INNOCENT OR NEGLIGENT MISREPRESENTATION OR NEGLIGENT MISSTATEMENT.
10.4. EVERY TERM OR CONDITION IMPLIED BY LAW IN ANY JURISDICTION IN RELATION TO THE SUBJECT MATTER OF THESE TERMS SHALL BE EXCLUDED TO THE FULLEST EXTENT POSSIBLE, AND TO THE EXTENT THAT IT IS NOT POSSIBLE TO EXCLUDE ANY SUCH TERM OR CONDITION, THE USER IRREVOCABLY WAIVES ANY RIGHT OR REMEDY IN RESPECT OF IT.
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE USER RELEASES THE COMPANY AND ANY OF ITS RESPECTIVE REPRESENTATIVES OR AFFILIATES, INCLUDING BUT NOT LIMITED TO ITS OFFICERS, DIRECTORS, AGENTS, JOINT VENTURES, EMPLOYEES AND SUPPLIERS, FROM ALL AND ANY 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 THE ACTS OR OMISSIONS OF THIRD PARTIES. THE USER EXPRESSLY WAIVES ANY RIGHTS THE USER MAY HAVE UNDER ANY LAW THAT WOULD OTHERWISE LIMIT THE COVERAGE OF THIS RELEASE TO INCLUDE ONLY THOSE CLAIMS WHICH THE USER MAY KNOW OR SUSPECT TO EXIST IN THE USER’S FAVOR AT THE TIME OF AGREEING TO THIS RELEASE.
12.1. Except for any disputes, claims, suits, actions, causes of action, demands or proceedings (collectively, “Disputes”) in which either the User or the Company seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, the User and the Company (i) except as expressly provided herein, waive the User’s respective rights to have any and all Disputes arising from or related to these Terms resolved in any court, and (ii) waive the User’s respective rights to a jury trial (if applicable to jurisdiction of the User). Instead, the User and the Company shall arbitrate Disputes through confidential binding arbitration provided in these Terms.
12.2. Any Dispute arising out of or related to these Terms is personal to the User and the Company and shall be resolved solely through individual arbitration and shall not be brought as a class arbitration, class action or any other type of representative proceeding. No class arbitration or arbitration in which an individual may attempt to resolve a Dispute as a representative of another individual or group of individuals shall be possible. Further, a Dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
12.3. The enforceability of this Section 13 shall be both substantively and procedurally governed by and construed and enforced in accordance with the laws of the State of Israel, to the maximum extent permitted by applicable law.
12.4. The User acknowledges and agrees that unauthorized disclosure of a Dispute could cause irreparable harm and significant injury to the Company that may be difficult to ascertain. Accordingly, User agrees that the Company, in addition to any other right or remedy that it may have available to it at law or in equity, will have the right to seek and obtain immediate injunctive relief in any jurisdiction to enforce obligations under these Terms without the necessity of proving actual damages and without the necessity of posting bond or making any undertaking in connection therewith.
12.5. Each of the User or the Company shall notify the other in writing of any Dispute within thirty (30) days following the date such Dispute arises so that respective party can attempt in good faith to resolve the Dispute informally and internally.
12.6. Notice to the Company shall be sent by e-mail to the Company at legal@letstop.io with a copy to Gil Solomon, Adv. at gil@gilsolomon.com (which such notice shall not be deemed as a service). Notice to the User shall be sent by email to any email address the User provides in connection with the use of the Platform or the registration thereto. The User’s notice must include (i) the User’s name, postal address, email address and telephone number, (ii) a description in reasonable detail of the nature or basis of the Dispute, and (iii) the specific relief that the User is seeking.
12.7. In the event that the User and the Company cannot agree how to resolve the Dispute within thirty (30) days following the date the notice is received by the applicable party, then either the User or the Company may, as appropriate and in accordance with this Section 13, commence an arbitration proceeding or, to the extent specifically provided for in this Section 13, file a claim in accordance with this Section 13 and provide the other party an arbitration notice.
12.8. The Arbitration shall be conducted in Israel, in the English language and in accordance with Israeli Arbitration Law 5728–1968 and any rules and regulations promulgated thereunder (the “Arbitration Law”), which are hereby incorporated by reference.
12.9. The arbitration shall be conducted confidentially by a single neutral arbitrator, who shall be a prominent and reputable Israeli attorney, from one of the leading law firms in Israel, with relevant expertise in the subject matter, who shall not be affiliated to any of the Company or the User and shall not have a conflict of interests. Such Arbitrator shall be selected jointly by the Company and the User or, if the Company and the User are unable to agree within ten (10) days following the date of the receipt of the arbitration notice, the Arbitrator shall be selected by the chairman of the Israeli Bar Association.
12.10. The competent courts located in Tel Aviv, Israel shall have exclusive jurisdiction over (i) any appeals and the enforcement of an arbitration decision, and (ii) over any claims filed in accordance with this Section 13.
12.11. These Terms, the arbitrator and the chairman of the Israeli Bar Association (if applicable) shall have (i) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute, including the determination of whether a Dispute is arbitrable, and (ii) the authority to grant any remedy that would otherwise be available in court, provided, however, that the arbitrator does not have the authority to conduct a class arbitration or a representative or class action, which is prohibited by these Terms. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual’s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual.
12.12. By agreeing to be bound by these Terms, the User either (i) acknowledges and agrees that the User has read and understood the Arbitration Law and the terms of arbitration under this Section 13, or (ii) waives the opportunity to read the Arbitration Law or the terms of arbitration under this Section 13 and any claim that the Arbitration Law is unfair or should not apply for any reason.
These Terms shall be governed by and construed and enforced in accordance with the laws of the state of Israel, excluding Israeli choice-of-laws principles. Any dispute, controversy or claim arising out of or in connection with these Terms or the breach, termination, existence, legal competence or invalidity thereof, that is not subject to arbitration in accordance with these Terms, shall be exclusively settled by the competent court in Tel Aviv, Israel.
If any term or provision of these Terms is held by an arbitrator or by a court of competent jurisdiction (as the case may be) to be unenforceable under applicable law, then such provision shall be excluded from these Terms and the remainder of these Terms shall be interpreted as if such provision were so excluded and shall be enforceable in accordance with their terms; provided, however, that in such event these Terms shall be interpreted so as to give effect, to the greatest extent consistent with and permitted by applicable law, to the meaning and intention of the excluded provision as determined by such court of competent jurisdiction.
These Terms and the Purchase Agreement (if executed with the relevant User) constitute the entire agreement between the User and the Company relating to the Wallet. The Company may make changes to these Terms from time to time as reasonably required to comply with applicable law or regulation. In the event that the Company makes such changes, it shall post the amended Terms on its website. Such amended Terms shall be effective immediately once made public on the Company’s website.
The User may not assign any of the User’s rights and obligations under these Terms without the Company’s consent. The Company may assign its rights to any Affiliate thereof.
No delay or omission to exercise any right, power, or remedy accruing to the Company upon any breach or default of the User of these Terms, shall be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent, or approval of any kind or character on the part of any party of any breach or default under these Terms, or any waiver on the part of any party of any provisions or conditions of these Terms, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under these Terms or by law or otherwise afforded to the Company, shall be cumulative and not alternative. The Company shall not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond the Company’s reasonable control.
Use of the Wallet or the app does not create any form of partnership, joint venture or any other similar relationship between the User and the Company. Except as otherwise provided herein, these Terms are intended solely for the benefit of the User and the Company and are not intended to confer third-party beneficiary rights upon any other person or entity. The User agrees and acknowledges that all agreements, notices, disclosures, and other communications that the Company provides, including these Terms, shall be provided in electronic form.
If you have any questions regarding these Terms, you may contact us at: legal@letstop.io
Last updated: December [25], 2024