These Terms of Service (these "Terms") explain the terms and conditions by which you may access and use our website, www.axis.to (the "Website"), operated by or on behalf of Coordinate Labs Pte. Ltd. (138 Robinson Road, #05-02, Oxley Tower, Singapore 068906, inclusive with its affiliates, the "Company", "we" or "us"), our App (as defined below), and any other Services provided by the Company, including any related content, tools, documentation, features and functionality collectively the "Services").
These Terms govern your access to and use of the Services. Please read these Terms carefully, as they include important information about your legal rights. By accessing and/or using the Services, you are agreeing to these Terms. If you do not understand or agree to these Terms, please do not use the Services.
For purposes of these Terms, "you" and "your" means you as the user of the Services. If you use the Services on behalf of a company or other entity then "you" includes you and that entity, and you represent and warrant that (a) you are an authorized representative of the entity with the authority to bind the entity to these Terms, and (b) you agree to these Terms on the entity's behalf.
The Services provide an interface (the "App") that displays data for the purpose of enabling users to interface, via a third-party wallet application (e.g., Metamask), with certain components of a set of open-sourced smart contracts deployed on the Plasma blockchain, namely yield-bearing synthetic assets including xyUSD and staking mechanisms. The set of smart contracts maintained and operated by Coordinate Labs Pte. Ltd., along with off-chain infrastructure maintained and operated by Coordinate 33 Limited and Coordinate Origin Limited, are referred to herein as the "Protocol". In addition, the App displays data for the purpose of enabling users to interface, via a third-party wallet application, with certain components of open-sourced smart contract systems deployed on decentralized blockchains, such as decentralized exchanges and other DeFi protocols (the "Third Party Protocols").
Documentation relevant to the Services, the App, and the Protocol will be made available at docs.axis.to (the "Documentation"). The Protocol itself is not part of the Services, and your use of the Protocol is entirely at your own risk. Additionally, the third party technologies required to be used or interacted with in order to interact with the Protocol, including but not limited to a Wallet (as defined below, and collectively the "Third-Party Tools"), are not part of the Services, and your use of such Third-Party Tools are entirely at your own risk.
The Services are provided through multiple entities:
Primary Users: Users who have completed our Know Your Customer (KYC) procedures and have direct access to mint and redeem synthetic assets through our institutional services.
Secondary Users: Users who access synthetic assets through secondary markets and decentralized exchanges, without direct minting/redemption access until they complete KYC procedures and open an approved account.
The Platform is currently in development and operates primarily on testnet infrastructure. You acknowledge that:
You must be 18 years of age or older and not be a Prohibited Person to use the Services. A "Prohibited Person" is any person or entity that is (a) listed on (i) any U.S. Government list of prohibited or restricted parties, including the U.S. Treasury Department's list of Specially Designated Nationals or the U.S. Department of Commerce Denied Persons List or Entity List; (ii) the EU consolidated list of persons, groups and entities subject to financial sanctions; (iii) the UK Consolidated List of Financial Sanctions Targets; or (iv) any of Singapore's or the British Virgin Islands' respective sanctions lists, (b) located or organized in any U.S. embargoed countries or any country that has been designated by the U.S. Government as "terrorist supporting", (c) a citizen, resident, or organized in, the following jurisdictions (the "Prohibited Jurisdictions"): Abkhazia, Afghanistan, Angola, Belarus, Burundi, Central African Republic, Congo, Cuba, Crimea, Ethiopia, Guinea-Bissau, Iran, Ivory Coast (Cote D'Ivoire), Lebanon, Liberia, Libya, Mali, Burma (Myanmar), Nicaragua, North Korea, Northern Cyprus, Russia, Somalia, Somaliland, South Ossetia, South Sudan, Sudan, Syria, Ukraine (Donetsk and Luhansk regions), United States, Venezuela, Yemen, Zimbabwe; (d) otherwise a party with which the Company is prohibited to deal under the laws of the U.S., the EU (or any of its Member States), the UK, Singapore, the British Virgin Islands, or any applicable foreign jurisdiction, or (e) owned or controlled by such persons or entities listed in (a)-(d).
The Company may utilize certain tools, such as IP-based geofencing, to enforce the above restrictions. By using the Services and/or the App, you represent that you are not a Prohibited Person.
You acknowledge and agree that you are solely responsible for complying with all applicable laws of the jurisdiction you are located or accessing the Services from in connection with your use of the Services. We may require you to provide additional information and documents regarding your use of the Services, including for anti-money laundering or counter-terrorism financing compliance, or at the request of any competent authority.
To use certain Services it is necessary to connect a third-party digital wallet ("Wallet") to the App. By using a Wallet in connection with the Services, you agree that you are using the Wallet under the terms and conditions of the applicable third-party provider. Wallets are not associated with, maintained by, supported by or affiliated with the Company.
You acknowledge and agree that we are not party to any transactions concluded while or after accessing our App, and we do not have possession, custody or control over any digital assets appearing on the App. When you interact with the App, you retain control over your digital assets at all times. The private keys and/or seed phrases necessary to access the assets held in a Wallet are not held by or known to the Company.
The Company has no ability to help you access or recover your private keys and/or seed phrases for your Wallet. You are solely responsible for maintaining the security and confidentiality of your wallet credentials and taking all reasonable measures to prevent unauthorized access.
While the Company does not presently charge any fees for the Services or the App, we reserve the right to implement fees on yields generated through our Platform upon mainnet deployment. Upon implementation, all applicable fees will be clearly disclosed.
Transactions executed utilizing data provided by the App may cause you to incur fees such as blockchain gas fees, network fees, and fees charged by Third Party Protocols. All such fees are merely estimates and may not reflect actual costs. You are responsible for all such fees, and we are not able to alter or mitigate them due to the nature of distributed, public blockchains.
We may collect and process:
We implement appropriate technical and organizational measures to protect your data in accordance with applicable privacy laws, including GDPR where applicable. For detailed information about our privacy practices, please refer to our Privacy Policy.
You acknowledge and accept the following risks:
Smart Contract Risk: Smart contracts may contain bugs, vulnerabilities, or design flaws that could result in total loss of funds. While smart contracts may undergo security audits, no audit guarantees complete security or elimination of all risks.
Network Risk: The Plasma blockchain and other underlying networks may experience congestion, delays, forks, or other technical issues. As a newer blockchain network, Plasma may have additional risks compared to more established networks.
Protocol Risk: The Protocol involves complex DeFi mechanisms that may fail or operate unexpectedly, potentially resulting in loss of funds.
Integrations with third-party DeFi protocols carry additional risks beyond our control, including smart contract vulnerabilities, liquidity issues, and protocol governance risks.
THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED. TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE INDEMNIFIED PERSONS (AS DEFINED BELOW) DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS, IMPLIED OR STATUTORY.
TO THE EXTENT NOT PROHIBITED BY LAW, YOU AGREE THAT IN NO EVENT WILL THE INDEMNIFIED PERSONS BE LIABLE (A) FOR DAMAGES OF ANY KIND, INCLUDING DIRECT, INDIRECT, SPECIAL, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, LOSS OF USE, DATA OR PROFITS, BUSINESS INTERRUPTION OR ANY OTHER DAMAGES OR LOSSES, ARISING OUT OF OR RELATED TO YOUR USE OR INABILITY TO USE THE SERVICES), HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, WHETHER UNDER THESE TERMS OR OTHERWISE ARISING IN ANY WAY IN CONNECTION WITH THE SERVICES OR THESE TERMS AND WHETHER IN CONTRACT, STRICT LIABILITY OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) EVEN IF THE INDEMNIFIED PERSONS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE, OR (B) FOR ANY OTHER CLAIM, DEMAND OR DAMAGES WHATSOEVER RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR THE DELIVERY, USE OR PERFORMANCE OF THE SERVICES. THE INDEMNIFIED PERSONS' TOTAL LIABILITY TO YOU FOR ANY DAMAGES FINALLY AWARDED SHALL NOT EXCEED ONE HUNDRED DOLLARS ($100.00).
"Indemnified Persons" means (a) the Company, (b) Coordinate 33 Limited, (c) Coordinate Origin Limited, (d) their respective shareholders, joint venture parties, subsidiaries, affiliates and related corporations and entities, and (e) the officers, directors, employees, representatives, agents, suppliers, contractors and service providers of all the persons and entities described in (a), (b), (c) and (d).
You agree to defend, indemnify and hold the Indemnified Persons harmless from and against any and all claims, costs, damages, losses, liabilities and expenses (including attorneys' fees and costs) arising out of or in connection with: (a) your violation or breach of any term of these Terms or any applicable law or regulation; (b) your violation of any rights of any third party; (c) your misuse of the Services; (d) your negligence or willful misconduct; or (e) your use of Third Party Protocols or Third-Party Tools.
All content, features, and functionality of the Services are owned by the Company or its licensors and are protected by intellectual property laws. You may not copy, modify, distribute, or create derivative works without express written permission.
Subject to your compliance with these Terms, we grant you a personal, non-assignable, non-sublicensable, non-transferrable, and non-exclusive right and license to access and use the Services for your personal use only.
You assign to us all right, title and interest to any feedback, suggestions, ideas, or other information regarding the Services that you provide, together with all associated intellectual property rights.
We may terminate or restrict your access to the Services at any time for any reason, including: (a) violation of these Terms; (b) if we believe you are a Prohibited Person; (c) to comply with applicable law or regulatory requirements; (d) if we detect fraudulent, unlawful, or suspicious activity; or (e) for any other reason in our sole discretion. Upon termination, you will lose access to all Services and features.
In the event of any dispute, you and the Company agree to first contact the other party and make a good faith effort to resolve the dispute before resorting to formal proceedings, allowing the receiving party 30 days to respond.
After the informal dispute resolution process, any remaining dispute will be resolved by binding arbitration under the BVI IAC Arbitration Rules, by three arbitrators, with proceedings conducted in English. The arbitration will take place on an individual basis – class arbitrations and class actions are not permitted.
YOU AND THE COMPANY AGREE TO WAIVE THE RIGHT TO TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION OR CLASS ARBITRATION. ANY PROCEEDING WILL BE BROUGHT AND CONDUCTED ONLY IN THE RESPECTIVE PARTY'S INDIVIDUAL CAPACITY.
You may opt-out of these arbitration provisions by sending written notice to legal@axis.to within thirty (30) days of first accessing the Services.
These Terms are governed by the laws of the British Virgin Islands, without regard to conflict of laws rules.
We may make improvements, modifications or updates to the Services from time to time. Your continued access and use of the Services are subject to such updates.
We may modify these Terms at any time by posting updated Terms on the Website and updating the "Last Revised" date. Material changes will be communicated through reasonable efforts such as email notification. Continued use constitutes acceptance of modified Terms.
The Indemnified Persons will not be liable for any failure or delay in performance due to circumstances beyond our reasonable control, including acts of God, natural disasters, war, terrorism, government actions, network failures, or blockchain-related issues.
These Terms constitute the entire agreement between you and us regarding the Services and supersede any prior agreements.
If any provision of these Terms is found unenforceable, the remainder shall remain in full force and effect.
You may not assign your rights under these Terms. We may assign our rights without restriction.
Our failure to enforce any provision does not constitute a waiver of that provision.
The Indemnified Persons (other than the Company) are third party beneficiaries of these Terms.
For questions regarding these Terms, please contact us at:
By connecting your wallet and using our Platform, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.