Terms and conditions

USER AGREEMENT AND TERMS & CONDITIONS

LAST UPDATED: 15.10.2024

SUMMARY

Who we are?

This launchpad (hereinafter, “the Launchpad” or “the Platform”) is currently operated by WebitLabs SRL. The operation of the Launchpad can be managed by an entity that directly or indirectly controls, is controlled by, or is under common control with WebitLabs SRL. "Control" means direct or indirect control of more than 50% of the voting rights or equity interests of an entity or the power to direct or cause the direction of the management and/or business strategy of that party (the “Group,” “WebitLabs” “Company”).

What is the Launchpad?

The Launchpad is a platform that allows Users (meaning individuals, institutions, or organizations that access or use the Launchpad or the Company Services and who meet the criteria and conditions stipulated by these Terms) to access early-stage projects and participate in their public sales rounds (“Projects”). The Launchpad is solely a software platform that facilitates access to certain projects published on the Launchpad. This means:

·         Users may need to connect their wallet to the Launchpad to access some or all of the Services. We are not responsible for any loss or damage from such integration.

·         Users understand that the Company Services involve nascent technologies and using such Services could result in partial or complete loss of funds.

·         Access on the Launchpad requires User-controlled wallet, so only the User has control over their funds.

·         Users understand that if they lose their recovery words (and the Private keys associated with them), they will not be able to access their wallet and funds.

Important disclaimers

The Launchpad does not provide any investment or financial advice. You should conduct your own research and due diligence and seek advice from qualified professionals before making any investment or financial transaction on or in connection with the Launchpad.

Privacy

We respect your privacy as further explained in our Privacy Policy published on the Launchpad’ website.

Intellectual property

All legal rights regarding the Launchpad, including all intellectual property rights, are owned by WebitLabs SRL.

Disclaimer of warranty

The Launchpad is provided 'as is.' We disclaim all warranties and representations with respect to the Launchpad.

Limitation of liability

To the maximum extent permitted by law, we will not be liable for any damage or loss arising from the use or inability to use of the Launchpad.

Law & jurisdiction

Use of the Launchpad is governed by the laws of Romania and subject to the exclusive jurisdiction of the competent courts in Romania.

Termination

You may request to terminate your account at any time by contacting us at hello@webitlabs.io. Upon termination, your right to use the Launchpad ends, and you must immediately cease using the Launchpad.

Additional Provisions

Please read the full Terms for additional provisions regarding warranty, limited liability, indemnification, and assignment.

 

DETAILED TERMS

This User Agreement and Terms ("Terms") constitutes a contract between you and WebitLabs SRL ("Company," "we," "us," "our," including all affiliates) and applies to your use of any Company products or services and other features, technologies, and functionalities offered by the Company through a website, app, or other means (the "Company Services").

These Services are provided subject to these Terms and the Privacy Policy, which is incorporated by reference. The Company may modify or revise these Terms at any time, and you agree to be bound by such modifications or revisions. We recommend periodically reviewing the most up-to-date version of the Terms. Your continued use of the Company Services constitutes your acceptance of such amendments.

HOW DOES IT WORK?

The Company allows Users to access certain projects to participate in their public rounds. Users' access requires managing a private key, which is the only way a transaction can occur. The Company and its Affiliates cannot access Users' crypto or digital assets ("Assets") or their private keys ("Private Keys") without Users' consent.

IMPORTANT DISCLAIMERS

The Company and the Launchpad does not provide investment or financial advice. It is strongly recommended that you conduct your own research and due diligence, and seek advice from qualified professionals before making any financial decisions. You agree to be fully responsible for your decisions. The Company does not guarantee the completeness or accuracy of the information presented on the Launchpad and shall not be liable for any actions taken in reliance on such information.

LIMITATIONS

The Company Services allow you to interact directly with the several blockchains (e.g., Ethereum, Binance), while you remain in control of your Private Keys and Assets. As an unhosted wallet, these Services are not regulated by any financial authority and are not covered or underwritten by any issuer, insurer, government, or central authority.

REGISTRATION

To use the Launchpad, you must be at least 18 years old and register with a personal User account. You will be required to provide details as described in our Privacy Policy. The Launchpad’s features are activated only for Users who have completed the sign-on process and, if applicable, the KYC and AML processes. Use of the Launchpad may not be available in certain regions due to regulatory compliance. In this sense, use of the Launchpad is not allowed at least in the following regions:

Afghanistan, Albania, Algeria, Angola, Argentina, Armenia, Azerbaijan, Bahrain, Bangladesh, Barbados, Belarus, Benin, Bolivia, Bosnia and Herzegovina, Brazil, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Central African Republic, Chad, China, Chile, Colombia, Comoros, Congo (Democratic Republic of), Congo (Republic of), Croatia, Cuba, Djibouti, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Gibraltar, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, India, Indonesia, Iran (Islamic Republic of), Iraq, Ivory Coast, Jamaica, Jordan, Kazakhstan, Kenya, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Lesotho, Liberia, Libya, Madagascar, Malawi, Malaysia, Maldives, Mali, Mauritania, Mexico, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Myanmar (Burma), Namibia, Nepal, Nicaragua, Niger, Nigeria, North Korea (Democratic People’s Republic of Korea), North Macedonia (Republic of), Oman, Pakistan, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Russia, São Tomé and Príncipe, Senegal, Serbia, Sierra Leone, Solomon Islands, Somalia, South Africa, South Sudan, Sri Lanka, Sudan, Suriname, Swaziland (Eswatini), Syria, Tajikistan, Tanzania, Thailand, Timor-Leste (East Timor), Togo, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United States of America, Uzbekistan, Vanuatu, Venezuela, Vietnam, Yemen, Zambia, Zimbabwe.

Participants that have Russian or United States of America nationality are excluded from participating in the public sale.

Special note for residents of Turkey: they can make purchases on the Launchpad concerning a certain project up to a maximum of $1000 USD.

YOUR PRIVACY

We respect your privacy. Our Privacy Policy published on the Launchpad’ website explains our privacy practices. Please read it carefully.

ACCEPTABLE AND PROHIBITED USE

You agree to abide by all applicable laws and regulations. Users must ensure their Assets come from legitimate sources. We may suspend or revoke your account if you violate these Terms or exhibit suspicious behaviour. Prohibited uses include breaching these Terms, interfering with the Launchpad’s functionality, collecting personal information without consent, and engaging in illegal activities.

FEE-BASED AND FREE SERVICES

Access to the Launchpad is offered without cost for a limited period ("Free Access"). The duration of Free Access is determined by the Company. Additional features may be subject to fees ("Fees"), as presented upon registration or later. Users are responsible for any applicable taxes.

INTELLECTUAL PROPERTY

All rights to the Launchpad, including intellectual property rights, are the exclusive property of the Company. You may not copy, reverse engineer, modify, or create derivative works of the Company's intellectual property.

THIRD-PARTY PLATFORMS

The Launchpad may interface with third-party services and platforms. Use of these platforms is governed by their terms of service, and you are responsible for complying with them.

USERS ACKNOWLEDGEMENTS

Users acknowledge that the Launchpad and / or Company does not issue, subscribe, place, or accept funds. The Launchpad is a technical and marketing vendor for Projects and does not offer or sell any Assets for or on behalf of the Projects. The Company Services do not constitute financial or legal advice.

By proceeding further, the User agrees with the Agreement for Future Tokens terms and conditions as published on the Launchpad’s website. In this sense, the User acknowledges that if they make a purchase, the purchase using the Launchpad, said purchase will be regulated by the terms and conditions of the Agreement for Future Tokens.

TERMINATION

You may request to terminate your account at any time by contacting us at hello@webitlabs.io. Upon termination, your User account will be cancelled. The Company may discontinue, suspend, or terminate the Launchpad, with prior notice.

CHANGES AND AVAILABILITY

We may change the layout, design, scope, features, or availability of the Launchpad without prior notice. The availability and functionality of the Launchpad depend on third-party factors, which are not fault-free. We may revise these Terms at any time, with your continued use of the Launchpad constituting consent to the amended Terms.

DISCLAIMER OF WARRANTY

The Launchpad is provided "as is" and "as available." We disclaim all warranties, express or implied, including warranties of merchantability and fitness for a particular purpose. We do not warrant that the Launchpad will operate uninterruptedly or error-free.

LIMITATION OF LIABILITY

To the fullest extent permitted by law, neither we nor our staff shall be held liable for any indirect, special, punitive, incidental, or consequential damages that may arise. This includes, but is not limited to, any loss of profits, data, or business opportunities.

For clarity, the purchase fees are specifically governed by the terms and conditions outlined in the Agreement for Future Tokens. In the event of any discrepancy or conflict between these terms and the terms specified in the Agreement for Future Tokens, the terms of the Agreement for Future Tokens will take precedence and shall be deemed the governing terms.

We are fully released from our obligations and liability if you have breached these Terms.

INDEMNIFICATION

You agree to indemnify, defend, and hold harmless the Company and our representatives from any damages, costs, and expenses, including attorney's fees, resulting from your use of the Launchpad, breach of these Terms, infringement of any person's rights, or violation of applicable laws.

By using the Launchpad, you agree to these Terms and any future amendments. If you do not agree, you may not use the Launchpad.