Effective Date : 28 June 2023
Last Update : 28 June 2023
This service terms and conditions (hereinafter “TOS”) explains the contract items applied to the user as the customers(hereinafter “customer” “consumer” “to whom it may concern” “user”) utilize websites, software, etc.(“service”) operated by the company MAXION PTE., Ltd.
EACH TIME YOU USE OR ACCESS A SERVICE, YOU AGREE TO BE BOUND BY THESE TOS AND REPRESENT THAT YOU HAVE READ AND UNDERSTAND THE RIGHTS, OBLIGATIONS, TERMS AND CONDITIONS SET FORTH HEREIN AND AGREE TO BE LEGALLY BOUND BY THEM. IF YOU DO NOT UNDERSTAND OR AGREE TO BE BOUND BY (OR CANNOT COMPLY WITH) THESE TOS, DO NOT USE OR ACCESS THE SERVICES. YOUR CONTINUED ACCESS AND USE OF ANY SERVICE SHALL BE DEEMED TO CONSTITUTE YOUR AGREEMENT TO BE LEGALLY BOUND BY THESE TOS, AS THEY MAY BE AMENDED FROM TIME TO TIME. ALSO, IF YOU ARE A MINOR, YOU REPRESENT THAT YOUR REGAL GUARDIAN HAS REVIEWED AND AGREED TO THESE TERMS. ANY REFERENCES HEREIN TO “YOU” AND “YOUR” REFER TO BOTH YOU AND SUCH PERSON AND ENTITY ON WHOSE BEHALF YOU ACT, IF ANY.
1. License
a. License Grant. Subject to the terms and conditions of these TOS, the Privacy Policy and any Additional Terms (each of which are hereby incorporated by this reference), the Company hereby grants to you a limited, non-exclusive, non-transferable and revocable right and license to: download, install and use the subject Services (excluding source code) on your personal computer and/or mobile device. The Company may terminate this license without notice in the event you fail to comply with these TOS, the Privacy Policy or any Additional Terms. Upon termination of the license, you must immediately cease accessing and using all Services.
b. Limitations. The license granted to you is subject to the following limitations. You shall not or permit any other person to:
a. in whole or in part, (1) modify or create any derivative work of the Company Materials (defined below), other user’s User Content or Service, or (2) copy, photocopy, reproduce, translate, disassemble, reverse engineer, decompile, or otherwise attempt to derive source code, underlying ideas, algorithms, structure, or organization of any Service;
b. modify, alter or remove any copyright, patent, confidentiality, trademark and other notices, labels or legends in any Company Materials, other user’s User Content or Service;
c. sell, grant a security interest in or transfer reproductions of any Company Materials, other user’s User Content or Service to other parties in any way not expressly authorized herein;
d. assign, rent, lease, distribute or license any Company Materials, other user’s User Content or Service to others;
e. exploit any Company Materials, other user’s User Content or Service, or any of its parts for any commercial purpose;
f. use any third-party service to modify any Service;
g. use any Service to access, copy, transfer, transcode or retransmit content in violation of third party intellectual property rights; or
h. create or maintain, under any circumstance, any unauthorized connections to any Service. All connections to the Services may only be made through methods and means expressly approved by the Company. Under no circumstances will you connect, or create tools that allow you or others to connect, to the proprietary interface or interfaces other than those expressly provided by the Company for public use.
c. Additional Agreements.
a. You agree to use the Services only in compliance with these TOS, the Privacy Policy, Additional Terms and applicable rules, laws and regulations, including applicable tax laws.
b. By accessing and using the Services, you represent and warrant that you are not prohibited from receiving exports or services under the applicable export laws.
You agree that by accessing and using the Services you may be exposed to content that you may find offensive, indecent or objectionable and that you access and use the Services at your own risk.
Your failure to comply with the restrictions and limitations listed above and elsewhere in these TOS shall result in immediate (without notice), automatic termination of the license granted hereunder and may subject you to civil and/or criminal liability.
2. IP Ownership
You, in principle, have no ownership for all services provided by MAXION PTE., Ltd and all contents created, purchased, and obtained from the use of service, and understands and agrees that they are granted a limited license to use the service which is non-exclusive, non-transferrable, and cancellable.
However, for some items out of the contents created, purchased, and obtained by You, You are able to possess limited ownership, but this can always be changed or cancelled at any time, and You agree not to suggest any objections .
a. Company Materials. The Company, its licensors and/or certain third parties (as applicable) retain exclusive right, title and interest (including all intellectual property rights) in and to all materials that are part of the Services (including past, present and future versions) (excluding User Content), including, without limitation: graphics; layout; text; images; audio and/or video; designs; advertising copy; logos; domain names; trade names and marks; and service marks; any and all copyrightable material; the “look and feel”; the compilation, assembly and arrangement of the materials of the Services; and all other materials or content made available on the Services (collectively, the “Company Materials”) and such Company Materials are protected from unauthorized use, copying and dissemination by copyright, trademark, patent, publicity and other laws, rules, regulations and international treaties.
b. Trademark Notice. All words and logos in a Service marked by the ™ or ® symbols are trademarks and service marks of the Company and/or its licensor(s). All rights are reserved. All other trademarks and service marks appearing in the Services are the property of their respective owners. All rights are reserved. Use of any of our trademarks, service marks or names as “metatags” for any purpose other than as expressly authorized in these TOS is strictly prohibited.
c. Service. The Company and/or its licensors retain exclusive right, title and interest (including all intellectual property rights) in and to all Services, copies thereof, and all error corrections, bug-fixes, patches, updates, derivative works, improvements, modifications thereto (whether made by the Company, its licensors, you, or otherwise), any titles, computer code, themes, objects, characters, character names, stories, dialog, catch phrases, locations, concepts, artwork, character inventories, structural or landscape designs, animations, sounds, musical compositions, audio-visual effects, storylines, character likenesses, methods of operation, moral rights, in-game currency, in-game accessories or incentive points, any related documentation, and “applets” incorporated into the Services. The rights described in the foregoing sentence are the copyrighted work of the Company and/or its licensors and are protected by the copyright laws of the Republic of Singapore( “Singapore”), international copyright treaties and conventions, and/or other applicable laws. The Service may contain certain licensed materials, and the licensors of those materials may enforce their rights in the event of any violation of this TOS.
d. Third Parties. The Services may be incorporated into, and may incorporate itself, service and other technology owned and controlled by third parties. Any such third party service or technology that is incorporated in the Services falls under the scope of these TOS. Any and all other third party service or technology that may be distributed together with the Services will be subject to you explicitly accepting a license agreement with that third party. You acknowledge and agree that you will not enter into a contractual relationship with the Company regarding such third party service or technology and you will look solely to the applicable third party and not to the Company to enforce any of your rights.
e. No Additional Rights. Only those licenses expressly set forth in these TOS are granted. No other licenses are granted under these TOS, whether by implication, estoppel, course of conduct, or otherwise. Nothing in these TOS is intended to transfer any of the right, title and interest (including all intellectual property rights) from the Company and/or its licensors to you or any third party. If you are ever inadvertently or erroneously held or deemed to be the owner of any such rights, you agree to assign and hereby irrevocably assign to the Company or its licensors, as the case may be, all such rights as of the effective date of these TOS, and agree to execute all documents to implement and confirm the letter and intent of the foregoing.
f. In-Game Items. MAXION PTE., Ltd owns the rights to change the value of Virtual Items sold in the game at any time without prior notice. When obtaining Virtual Items through the service, various transaction methods provided by the company (credit card, automatic transfer, etc.) can be used. When using other transaction and billing services, additional costs can be charged as well as agreeing to terms and conditions related to the use of the select provider. It is your duty to pay taxes imposed by each country and local organizations related to the purchase and use of Virtual Items in the service provided by MAXION PTE., Ltd.
IMPORTANT NOTICE: The Company does not recognize or condone any outside service that may be used for the exchange of Virtual Items that you may accumulate as a result of accessing or using the Services. This includes the exchange of any Virtual Items on third party services including eBay™ or Yahoo!™ Auctions. We do not assume any responsibility for, and will not support, such transactions.
g. ANY PURCHASES OF VIRTUAL ITEMS DO NOT ENTITLE YOU TO SERVICE IN THE EVENT THAT THE COMPANY CEASES TO OFFER THE SERVICES FOR ANY REASON, IS ACQUIRED BY A THIRD PARTY OR FILES A NOTICE OF BANKRUPTCY WITH ANY COURT.
3. Blockchain-based Contents
The service provided by MAXION PTE., Ltd includes blockchain-based contents. MAXION PTE., Ltd provides blockchain-based contents in connection with service of a third party company. To use blockchain-based contents, you must agree to the terms of the third party company and complete relevant user registration.
The use of blockchain-based contents is not a requirement for the use of service provided by MAXION PTE., Ltd, and you are able to decide whether to use this. The blockchain-based “Digital Asset” in the service provided by MAXION PTE., Ltd are in the forms “NFT”.
- "Digital Asset": Refers to blockchain-based items or data existing in digital form. Digital assets include, but not limited to, NFT, cryptocurrency and game token.
- "NFT(Non-Fungible Token)": Non-fungible token refers to all digital assets on the blockchain that cannot be substituted with other tokens. Specific items in the game may be provided in NFT.
NFT ownership: Subject to any Specific Terms, all NFTs purchased by Buyers and Subsequent NFT Buyers are subject to the MAXION PTE., Ltd and its affiliates' Licenses and not limited to intellectual property license and set out in these Terms.
All Buyers and Subsequent Buyers agree to purchase the NFT subject to the conditions of the MAXION PTE., Ltd Licence and any Specific Terms.. Although an NFT is owned by its then-current owner, the artwork linked to the token is licensed pursuant to the MAXION PTE., Ltd License and these Terms, and not transferred or sold to such owner. “Own” and “Ownership” mean, with respect to an NFT, an NFT that you rightfully and lawfully acquired from a legitimate source and on chain proof establishes the legitimacy of that transaction. For clarity, Buyers and Subsequent Buyers do not secure any legal ownership, right, or title to any copyrights, trademarks, or other intellectual property rights associated with the Content of any NFT or other token that can be generated or received by ownership of the NFT, other than the rights afforded to the Buyer and Subsequent Buyers by the limited MAXION PTE., Ltd License granted by these Terms. MAXION PTE., Ltd expressly reserve all rights to copyright underlying Ragnarok Landverse (ROverse) NFTs sold by Auction or Sale, including but not limited to the right to reproduce, communicate to the public, prepare derivative works or adaptations, to perform, and to distribute.
Use of third party software: Transactions made through Maxion platform are facilitated and run through MetaMask which is a third party electronic wallet extension, and NFTs are minted using the Maxion platform. The Maxion platform is the interface for a BNB Smart Chain-based sale and auction application, which allows each user to interact with the smart contracts deployed to the BNB Smart Chain blockchain to assist with the facilitation of Sales and Auctions. By using a Third-party Extension and Maxion platform to access our Services you agree that you are governed by the terms of service and privacy policy for the applicable third party Extension and applicable terms for the platform. For example, the MetaMask Terms of Service and Privacy Policy are available at (https://metamask.io/terms.html) and (https://metamask.io/privacy.html) respectively, but may be updated from time to time. In addition, the Maxion platform license is available at(https://www.maxion.tech/). In connecting your MetaMask wallet to Maxion platform (third party platform), submitting transaction and authorising the payment of the Sale Price or Auction Price in Digital Assets, each transaction is passed on to MetaMask, which completes the transaction on your behalf and the ROverse NFT is minted to the NFT Buyer’s MetaMask wallet using the BNB Smart Chain blockchain.
1) MAXION PTE., Ltd can designate some of the items of the service provided by it as NFT items, and has the right to change, add, or cancel such designated items at any time at Maxion’s discretion.
2) You agree that MAXION PTE., Ltd does not guarantee the permanence of value or existence of such items designated as NFT items.
3) The NFT items owned by you are contents that are included in or linked with MAXION PTE., Ltd’s service, and you agree that the values of NFT items can be affected through updates, service change, termination, etc. based on MAXION PTE., Ltd’s operation policy.
4) All issues caused by the use of NFT items are a result of executions personally made by you upon agreement with us, thus MAXION PTE., Ltd is not responsible for such issues.
5) Blockchain assets characteristically have very high variability, thus MAXION PTE., Ltd has no responsibility or duties related to compensation for damages occurring from value variations in the NFT items owned by you.
6) You are entirely responsible for the management of NFT items, and MAXION PTE., Ltd takes no responsibility for issues that arise from poor management.
7) Blockchain related regulations and provisions are incomplete and uncertain, and new regulations and policies could affect blockchain-based contents included in the service provided by MAXION PTE., Ltd.
If you have inquiries or encounter any issues with Blockchain-based contents, please send an inquiry to https://maxion.atlassian.net/servicedesk/customer/portals/
4. User Content
The Company does not solicit submissions, creative materials, ideas or suggestions other than those the Company may specifically request. Any communications or materials you transmit to the Company by e-mail or otherwise including, without limitation, data, questions, feedback, comments, ideas, images, writings, music, sounds, audiovisual effects, artwork, design elements, graphics, suggestions, concepts, biographical information, notes or chat or message postings, will be treated as non-confidential and non-proprietary except as otherwise described in the Privacy Policy. As part of an Service, the Company may invite you to participate in blogs, message boards, contests, sweepstakes, forums and other functionality and may provide you with the opportunity to create, submit, post, display, transmit, perform, publish, distribute or broadcast content and materials to the Company and/or to or via an Service, including, without limitation, text, writings, photographs, graphics, comments, suggestions or personally identifiable information or other material (collectively, excluding Company Materials not created by you, “User Content”). You agree that your User Content is wholly original with you and you exclusively own the rights to your User Content, including the right to grant all of the rights and licenses in these TOS without the Company incurring any third party obligations or liability arising out of its exercise of the rights thereto granted herein by you.
You hereby grant to the Company the unrestricted, unconditional, unlimited, worldwide, irrevocable, perpetual, fully-paid and royalty-free right and license to host, use, copy, distribute, reproduce, disclose, sell, re-sell, sub-license, display, perform, transmit, publish, broadcast, modify, delete, make derivative works from, retitle, reformat, translate, archive, store, cache or otherwise exploit in any manner whatsoever, all or any portion of your User Content to which you have contributed, for any purpose whatsoever, in any and all formats; on or through any and all media, service, formula or medium now known or hereafter known; and with any technology or devices now known or hereafter developed and to advertise, market and promote same. You further agree that the Company is free to use any ideas, information, concepts, know-how or techniques contained in any User Content you send to the Company, for any purposes whatsoever, including, without limitation, developing, producing, marketing and otherwise exploiting products and/or services using such User Content, and without remuneration of any kind. You further perpetually and irrevocably grant the Company the unconditional right to use and exploit your name, persona and likeness included in any User Content and in connection with any User Content, without any obligations to you. Except as prohibited by law, you waive any rights of attribution and/or any so-called moral rights you may have in any User Content you submit, even if such User Content is altered or changed in a manner not agreeable to you.
The Company has no obligation to monitor or enforce your intellectual property rights to your User Content but has the right to protect and enforce its licensed rights to your User Content, including, without limitation, by bringing and controlling actions in your name and on your behalf (at the Company’s cost and expense, to which you hereby consent and irrevocably appoint the Company as your attorney-in-fact, with the power of substitution and delegations, which appointment is coupled with an interest). You also agree and understand that the Company is not obligated to use User Content and that you will not receive any additional consideration or compensation for your User Content or for any exploitation thereof.
You acknowledge and agree that your communications with other users via any channel of communication in a Service are public and not private, and that you have no expectation of privacy concerning your access and use of a Service. You acknowledge that personal information that you communicate in an Service may be seen and used by others and result in unsolicited communications, therefore we strongly encourage you not to disclose any personal information about yourself in your public communications in an Service. You are solely responsible for these communications and their legality under all applicable laws and regulations. Company is not responsible for information that you choose to communicate to other users in a Service, or for the actions of other users. For information regarding Company’s use of information collected in connection with the Services, please refer to the Privacy Policy.
5. Online Conduct
You agree that you will be personally responsible for your access and use of the Services and for all of your User Content and online activity in connection with the Services, and that you will indemnify and hold harmless the Company, its licensors, affiliates, employees, officers, and directors from all claims for liabilities, losses and expenses, including reasonable attorneys’ fees, from third parties arising from such use, User Content and activity. Specifically, you agree to comply with these TOS, all applicable laws, rules and regulations governing the disclosure and use of third party property, including, without limitation, any and all intellectual property rights. Moreover, you agree not to engage in any of the following:
a. Post, transmit, promote, or distribute illegal content.
b. Harass, threaten, abuse, disparage, libel, slander, embarrass, or engage in any other disruptive behavior involving another user or Company or affiliate’s employee or agent.
c. Transmit or facilitate distribution of content that is harmful, abusive, racially or ethnically offensive, vulgar, sexually explicit, defamatory, infringing, invasive of personal privacy or publicity rights, or in a reasonable person's view, objectionable.
d. Infringe upon the intellectual property rights of Company or any third party.
e. Alter any user profile information or User Content
f. Disrupt the flow of chat in chat rooms with vulgar language, abusiveness, hitting the return key repeatedly or inputting large images so the screen goes by too fast to read, use of excessive shouting, using ALL CAPS in an attempt to disturb other users, “spamming” or flooding or posting repetitive text.
g. Impersonate another person, indicate that you are a Company or affiliate employee or agent, or attempt to mislead users by indicating that you represent Company or any of Company’s licensors or affiliates.
h. Attempt to get a user ID, password, or other user information, or any other private information from a user. Company employees will NEVER ask for your password. DO NOT give your password, secret answers, or billing information out to anyone.
i. Upload any content that you do not own or have the right to freely distribute.
j. Engage in or promote or encourage any illegal or fraudulent activity including hacking, cracking or distribution of counterfeit software, or identity theft.
k. Upload files or display URLs that contain a virus or corrupted data.
l. Post messages for any purpose other than personal communication, including, without limitation, advertising, promotional materials, chain letters, pyramid schemes.
m. Make any commercial use of the Services, including using the Services as an Internet dating service website, use at a cyber café, computer gaming center or any other location-based site without the express written consent of Company.
n. Improperly use in game support or complaint buttons or make false reports to Company.
o. Use or distribute “auto” software programs, “macro” software programs or other “cheat utility” software program or applications that is not provided by Company
p. Modify, reproduce, distribute, delete or create derivative works of the Services, Company Materials or any User Content displayed therein, or any component thereof.
q. Attempt (or authorize, encourage or support others’ attempts) to circumvent, reverse engineer, decrypt, break or otherwise alter or interfere with the Services or any component thereto.
r. Solicit or attempt to solicit, and post or communicate any user’s personal information.
s. Interfere with, hack into or decipher any transmissions to or from the servers running the Services.
t. Exploit any bug in any Service or in any Company product to gain unfair advantage in a game or exploit it for commercial purposes. You agree not to communicate the existence of any such bug (either directly or through the public posting) to any other user or third party.
u. Attempt to play any game on or through any service that is not controlled or authorized by Company. You will not participate in any online service that provides online features or game play for a game that is not authorized by Company.
v. Do anything that interferes with the ability of other users to enjoy playing a game and using the Services or that materially increases the expense or difficulty of Company in maintaining the Services for the enjoyment of all its users.
w. Sell, purchase, gift or exchange Virtual Items for “real” money.
x. Copy, sell, assign, lease, license or grant a security interest in the Services or any part thereof (including Company Materials and Virtual Items).
y. Modify or remove any copyright, patent, confidentiality, and other notices, labels or legends in the Services.
z. Host, provide or develop matchmaking services for a game or intercept, emulate or redirect the communication protocols used by Company or its licensors in any way, including, without limitation, through protocol emulation, tunneling, packet sniffing, modifying or adding components to a game, use of a utility program or any other techniques now known or hereafter developed, for any purpose, including, but not limited to, unauthorized network play over the Internet, network play utilizing commercial or non-commercial gaming networks or as part of content aggregation networks.
aa. Attempt to gain and maintain any unauthorized connections to an Service. All connections to a game and/or the Services may only be made through methods and means expressly approved by Company. Under no circumstances will you connect, or create tools that allow you or others to connect, to a game’s proprietary interface or interfaces other than those expressly provided by Company for public use.
bb. Interfere or attempt to interfere with the proper functioning of the Services or connect to or use the Services in any way not expressly permitted by this TOS.
cc. Use the Services in connection with any violation of any applicable laws, rules or regulations, or do anything that promotes the violation of any applicable laws, rules or regulations.
If you encounter another user who is violating any of the items described in the Online Conduct list above, please report them to https://maxion.atlassian.net/servicedesk/customer/portals/
6. Modifications
a. Terms of Service.The Company may, from time to time, modify, amend, or supplement these TOS and post those changes on the TOS page. Such modifications or supplements shall be effective immediately upon posting in the Services. You are responsible for periodically checking the Services for changes to the TOS. If you do not agree to be bound by (or cannot comply with) the TOS as modified or supplemented, you agree that your sole remedy is to cease using the Services. Your continued access and use of any Service constitutes your agreement to be bound by the modified TOS.
b. Changes. The Company reserves the exclusive right and may, at any time and without notice and liability to you, modify, supplement, suspend or discontinue (collectively, “Changes”) the Services, whether temporarily or permanently, in whole or in part. Any such Change shall be effective immediately upon notice by posting on the Services or these TOS, or by any other method of notice the Company deems appropriate. Any access or use of the Services after such notice of Change, constitutes acceptance by you of such Change. Temporary interruptions in the availability of the Services may occur from time to time as normal events. You agree that neither the Company nor any of its affiliates, licensors, agents, or employees is liable to you or any third party for any revision, supplement, suspension, or discontinuation of the Services, and termination of any license. The Services may include technical inaccuracies, typographical errors or may enable you to access or download harmful or malicious code introduced onto the Internet by third parties. The Services are made available internationally and may contain references to products, programs and services of the Company /or its licensors that are not available in your location. Such references do not imply that the Company or its licensors intend to make available such products, programs or services in your location.
Services. The Company and/or its licensors may deploy or provide patches, updates, upgrades, error corrections, bug-fixes, modifications and additional features or functions to any Service that must be installed for you to continue accessing and using the Service. The Company and/or its licensors may upgrade or update the Service remotely, including, without limitation, the Service residing on the your machine, without your knowledge or consent, and you hereby grant to the Company and its licensors your consent to deploy and apply such patches, updates, upgrades, error corrections, bug-fixes, and modifications, and additional features or functions to the Services. The Company has no obligation to make available to you any subsequent versions of the Services. You may have to enter into a renewed version of these TOS, in the event you want to download, install or use a new version of the Services.
Financial risk: There are a number of financial risks, including the MAXION PTE., Ltd and its affiliates ability to maintain a strong enough treasury to continue operations. There is a risk that the MAXION PTE., Ltd is not sufficiently responsive to changes in the industry and/or trading conditions.
Operational risk: Operational risk includes but is not limited to, technology risk (including smart contract technology which is nascent and on a public blockchain), reputational risk, fraud, compliance, outsourcing, business continuity planning, legal risk and key person risk.
Technology risk:Transactions carry the risks of third party extension and a third party platform to access our services as discussed on auction and sale. There is also a risk that any tokens you acquire in the ROverse ecosystem could be stolen or exploited by a smart contract vulnerability. The level of this risk will vary based on how you hold and use your tokens and your security practices including in relation to your digital wallets. You should also be wary of scams designed to convince you to sell or lend your tokens and should only engage with ROverse in accordance with these Terms.
Custody risk: Tokens are generally stored in a self-hosted digital wallet. Tokens but not limited to Game Tokens, Cryptocurrency and NFTs rely on cryptography and technology such as blockchain for security and other features. A wallet generally has a private key (unique code) that is used to authorise outgoing token transactions on the blockchain ledger, authorised by the applicable blockchain network according to the prevailing consensus mechanism. However, blockchain systems allow users to remain relatively anonymous (pseudonymous) and there is no central authority that collects identity information or that can recover lost or stolen tokens or private keys. If a hacker steals your private key, you have little hope of getting the private key back in order to deal with the tokens you held. Using a wallet that’s held offline, called a ‘hardware wallet’ or ‘cold storage’, may provide additional protection. You are responsible for seeking independent, professional advice in relation to the cyber security of your blockchain and token activities.
Governance risk: Under MAXION PTE., Ltd structure, staffs of MAXION PTE., Ltd may modify ROverse ecosystem. You are responsible for monitoring ROverse’s official social channels and staying updated on changes affecting ROverse.
Regulatory risk: The legal and tax characterisation of blockchain services and of digital assets is uncertain in most jurisdictions and regulatory efforts are evolving. It is your responsibility to ensure that your access and use of our Services is lawful. All tokens are not financial products and accordingly ROverse, nor its service entities are licensed by ASIC, the SEC, CFTC or any other financial services regulator. You will not have access to the consumer protections available to customers acquiring a financial product under the financial services laws of any country. If ROverse or its service entities or contributors or the tokens fail, your tokens will likely be of no value and there is no complaints scheme or ombudsman that can protect you from losses.
Tax Treatment & policy environment: The tax treatment of token activities is subject to uncertainty. Tax authorities around the world are seeking to understand the technology, issue guidance to the public and consult on relevant tax reform that is necessary. The application of traditional tax principles to novel technology, ROverse and token activities remain largely untested in court. The value and tax treatment of your tokens may be impacted by this uncertainty and risk in how the tax laws apply and may change.
Immutability risk: Transactions executed on BNB Smart Chain are irreversible by design. Errors, false inputs, or other errors are the sole responsibility of each individual users of ROverse. No other users of ROverse or staffs of MAXION PTE., Ltd and its affiliates have any obligation whatsoever to reverse or assist to reverse any erroneous transactions.
Merge and fork risk: In the event of a network merge or fork, there is a risk any transactions with ROverse may not be completed, completely partially, incorrectly completed, or substantially delayed. ROverse, its contributors and service companies are not responsible for any losses suffered in whole or in part, directly or indirectly, by a merge or fork of the BNB Smart Chain blockchain.
Smart contract risk: While MAXION PTE., Ltd and its affiliates has taken steps to ensure that smart contracts deployed are safe and secure, there may be vulnerabilities in the suite of smart contracts that collectively form the ROverse. You may experience damage, interruptions or loss caused by the exploitation of smart contract vulnerabilities in the form of hacks, mining attacks, cyber-attacks, distributed denial of service attacks, or other security breaches, attacks, or deficiencies.
Phishing risk: Scammers may create phishing websites which pretend to be MAXION PTE., Ltd and its affiliates. You are responsible for carefully checking that you are accessing the correct domain and application.
7. Void Where Prohibited
The information provided through the Services are not intended for distribution to or use by any person in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject the Company to any registration requirement within such jurisdiction or country. The Company makes no representation or warranty that any material on the Services is lawful in every jurisdiction from which such content can be accessed, or is available for use in all jurisdictions. Because you access or use the Services from a jurisdiction outside South Korea, you are responsible for compliance with all applicable local laws.
THE SERVICES ARE INTENDED FOR USE BY PERSONS OVER THE AGE OF 12. BY ACCESSING AND USING ANY SERVICE, YOU REPRESENT AND WARRANT THAT YOU ARE 12 OR OLDER, AND THAT YOU AGREE TO AND TO ABIDE BY ALL OF THE TERMS AND CONDITIONS OF THESE TOS, THE PRIVACY POLICY, AND ADDITIONAL TERMS. MOREOVER, IF YOU ARE BETWEEN 12 AND 16 YEARS OF AGE, YOU REPRESENT AND WARRANT THAT YOU HAVE YOUR PARENT OR LEGAL GUARDIAN’S PERMISSION TO ACCESS AND USE THE SERVICES. IF YOU ARE UNDER THE AGE OF 12 OR BETWEEN THE AGE OF 12 AND 16 BUT DID NOT HAVE YOUR PARENT OR LEGAL GUARDIAN’S PERMISSION TO THE ACCESS AND USE THE SERVICES, THE COMPANY MAY IMMEDIATELY (WITHOUT NOTICE) TERMINATE THE LICENSE GRANTED HEREUNDER.
8. Disputes
Not related to principles conflicting with the law or country of residence of the user, the user agrees that the application of UN agreements relating to contracts for the sale of goods between countries shall be exclusively excluded.
If there is a claim against the company, it is recommended to find a solution through the company's customer center.
In relation to the dispute, the user must participate in the mediation prepared by the company, and upon agreeing with this, the user agrees to abandon all rights to settle the dispute through the court and allow a judge or jury to decide the user's case.
The dispute must be raised within 1 year. All disputes related to this contract must be raised within 1 year in a small claims court or mediation process within the range permitted by law. The one-year period starts from the first point where dispute notifications can be sent first. It is permanently prohibited if the dispute is not raised within 1 year.
9. Complaints, Notice And Contact Information
The Company takes claims of infringement of intellectual property rights and violation of rights of privacy or publicity very seriously. If you believe that any of the material that is or was in any Service infringes or has infringed any rights, including copyrights or trademarks, owned by you, or by an owner for which you are authorized to act, please contact us at https://maxion.atlassian.net/servicedesk/customer/portals/
10. Miscellaneous
If any provision of these TOS is held to be invalid or unenforceable, that provision will be deemed to be restated to reflect as nearly as possible the original intention in accordance with applicable law, and the remainder of the TOS will remain in full force and effect. The TOS, the Privacy Policy, and Additional Terms (if applicable) constitute the entire agreement between the parties with respect to the subject matter hereof and supersedes and replaces all prior or contemporaneous understandings or agreements, written or oral, regarding such subject matter. Nothing in the foregoing sentence shall exclude or restrict the liability of you arising out of fraud or fraudulent misrepresentation. Any waiver of any provision of the TOS will be effective only if in writing and signed by the Company. The failure of party to assert any right under these TOS shall not be considered a waiver of that party's right will remain in full force and effect. In addition, the TOS, any Additional Terms, and the Privacy Policy, including the Company’s enforcement of those policies, are not intended to confer and do not confer, any rights or remedies upon any person. The original English version of these TOS may have been translated into other languages. In the event of inconsistency or discrepancy between the English version and any other language version, the English language version shall prevail. You are not allowed to assign the TOS or any rights hereunder. The Company is allowed at its sole discretion to assign the TOS or any rights hereunder to any third party, without giving prior notice to you