You (or the entity that you represent) are about to use the Bifrost Wallet. Bifrost Wallet is a non-custodial mobile wallet app for crypto assets, which enables you to generate and manage sets of private and public keys in order to configure crypto asset transactions and monitor your crypto assets. You may also browse and access Third-Party Services (as defined below).
It is your own responsibility to educate yourself and keep yourself informed about blockchain technology, crypto assets and cybersecurity best practices. We are providing you with our Bifrost Wallet software, but you have to secure your Bifrost Wallet and handle your crypto assets by yourself and at your own risk.
You acknowledge that the Contract are concluded between Towo Labs and you, and not with Apple, Inc. or any of its affiliates (jointly "Apple") or Google, Inc. or any of its affiliates (jointly "Google"). Towo Labs, not Apple or Google, are solely responsible for Bifrost Wallet and the Services.
When used in these Terms, the following words with an initial capital letter shall be defined as described below. Reference to the word in singular includes a reference to the word in plural and vice versa.
"Crypto Assets" shall mean any type of digital asset, cryptocurrency or non-fungible token which can be transmitted by use of blockchain technologies, including but not limited to Bitcoin, Ethereum, XRP and other crypto assets.
"Fork" shall mean a change to the underlying protocol of a blockchain network that results in more than one version of a Crypto Asset, the result of which may be one or more versions that are not supported on Bifrost Wallet.
"Materials" shall mean content, documentation as well as source and object codes for Bifrost Wallet and the Services.
"PIN Code" shall mean the numeric password chosen by you to unlock the Bifrost Wallet.
"Private Keys" shall mean critical pieces of data used to authorize outgoing transactions on blockchain networks.
"Recovery Phrase" shall mean a confidential combination of human readable words, generated by Bifrost Wallet, from which your Private Keys are derived. The Recovery Phrase is used to back-up and restore access to your Crypto Assets on another mobile device or in another compatible Wallet.
"Services" shall mean the services Towo Labs provides or may provide to you in Bifrost Wallet.
"Third Party Services" refers to applications, software or other Materials that are hosted, developed or operated by a third-party, including but not limited to Crypto Asset exchanges, staking service providers or similar.
"Usage Rules" means the rules applicable for users in Apple Media Services Terms and Conditions and in Google Play Terms of Service.
"Wallet" shall mean a software application, which can be used to generate and manage sets of private keys and public keys, configure transactions of Crypto Assets and monitor their balance.
3. What is Bifrost Wallet?
3.1. Bifrost Wallet is our non-custodial software wallet mobile application which provides you with a convenient and secure way to manage your Private Keys for your Crypto Assets derived from your Recovery Phrase, which are generated by your copy of the Bifrost Wallet after installation or that you import to Bifrost Wallet.
3.2. Bifrost Wallet allows you to view your portfolio of Crypto Assets, browse Third-Party Services and perform operations on various blockchain networks in accordance with their respective protocol rules, including but not limited to sending and receiving Crypto Assets to and from other users of a dedicated blockchain network.
3.3. Towo Labs develops and operates non-custodial software and Services only, which means that we do not store or have any kind of access to your Crypto Assets, your Private Keys, your Recovery Phrase or your PIN code. We cannot send or receive Crypto Assets for you. Any Crypto Asset transfer occurs on blockchain networks and not on a network owned, controlled by Towo Labs or in any other manner under our supervision or control.
4. User Requirements
4.1. To be eligible to use Bifrost Wallet and our Services, you must be at least eighteen (18) years old or of other legal age according to your relevant jurisdiction. If you are using our Services on behalf of a legal entity, you further represent and warrant that:
a) the legal entity that you represent is duly organized and validly existing under the applicable laws of the jurisdiction of such legal entity; and
b) you are duly authorized by such legal entity to (i) act on its behalf and (ii) entering into the Contract on behalf of the same.
4.2. You represent and warrant that you are not on any trade or economic sanctions lists, placed under embargo, or otherwise appear on "Denied Person's List", "Denied Entity List", "Specially Designated Nationals" (issued by U.S. Department of Commerce) or similar. You also represent and warrant that you are not residing or being in a country or state placed under embargo, sanctions or similar decided by the EU or the US, or otherwise plan to use the Services in such a country or state.
4.3. Should you for any reason be ineligible for our Services and/or be subject to any of the abovementioned restrictions, you undertake to terminate the Contract immediately and as from date when such restrictions apply for you. Should we, for any reasons be made aware that any of the abovementioned restrictions in section 4.2 apply for you, we reserve the right to undertake to terminate the Contract without notice.
5. Right to Use Bifrost Wallet
5.1. Subject to these Terms, Towo Labs grants you a worldwide, non-exclusive, non-transferable, free and revocable license to download, install, display and use the Bifrost Wallet and any of our Services provided therein on your device.
5.2. The license in section 5.1 above and your use of Bifrost Wallet and our Services are also subject to the relevant Usage Rules.
6. Set up your Bifrost Wallet
6.1. In order to get started with Bifrost Wallet you must:
a) accept these Terms and download the mobile application;
b) generate a Recovery Phrase in Bifrost Wallet or import an existing Recovery Phrase, and keep your Recovery Phrase secure and confidential;
c) create and remember a strong and unique PIN Code to your Bifrost Wallet; and
d) comply with applicable laws and the rules and regulations set out in the Usage Rules.
6.2 Your device must be compatible with the relevant system requirements and technical standards applicable for the Bifrost Wallet from time to time. Incompatibility in this regard may limit your use of Bifrost Wallet, completely or partially, as well as affect your user experience negatively. Information about the relevant system requirements is provided to you upon download.
7. Use of Bifrost Wallet
7.1 You are using the Bifrost Wallet at your own risk and for your own account.
7.2 We cannot access your copy of the Bifrost Wallet once you have downloaded it to your mobile device. The security model therefore relies on your mobile device and your own handling of the Bifrost Wallet and the device. Before you approve any transaction or operation therein, you are responsible for always double-checking the information displayed on your device's screen and, if required, take any additional action (with Bifrost Wallet or other used means/technology) as to ensure that approval of the relevant transaction is accurate. Upon sending Crypto Assets, you are solely responsible for verifying that all transaction details are correct. We are not liable for any errors that occur in connection with your use of our Services.
7.3 Your credentials and all other information are stored locally on your device. You are solely responsible on your own for remembering, protecting and storing your PIN Code, Private Keys, Recovery Phrase and all other information and/or credentials necessary for your use of Bifrost Wallet and/or your Crypto Assets in a secure manner and to protect the information from third parties. We cannot help you retrieve any such information. Any third-party with knowledge of your Recovery Phrase or PIN Code can gain control of the Private Keys associated with your Bifrost Wallet or of the Recovery Phrase, and thereby control your Crypto Assets.
7.4 All transactions created through our Services are confirmed and recorded in associated blockchain networks, not provided by us. Such networks are decentralized peer-to-peer networks run by independent third parties, which Towo Labs does not own, control or operate. We have no control over the blockchain networks and their corresponding Crypto Assets, and we are not participating in or otherwise being a party to the transactions you engage in. Bifrost Wallet is only infrastructure displaying the Crypto Assets you possess. Therefore, we cannot and do not ensure that the transactions you participate in through our Services will be confirmed and processed by the relevant blockchain networks. We do not store, send, or receive Crypto Assets, and the transactions you configure on our Services may fail, or may be substantially delayed, by the underlying blockchain networks.
7.5 We may in our discretion choose which blockchain networks and consequently which Crypto Assets Bifrost Wallet can be used for. Information about which Crypto Assets and blockchain networks currently supported are available at support.bifrostwallet.com.
7.6 By using our Services, you agree not to copy, modify, adapt, decompile, disassemble, reverse engineer, or otherwise attempt to reconstruct or discover the construction of the Bifrost Wallet and any corresponding Materials.
7.7 Any use of the Bifrost Wallet, any Materials and the Services in violation of these Terms, the applicable Usage Rules and/or the laws applicable to you and/or us, is prohibited. Inter alia, the following activities are examples, but not a complete list, of activities prohibited:
a) Distribution of any malware, malicious code or similar through our Services.
b) Provision of false, inaccurate or misleading information.
c) Actions to impose unreasonable or disproportionate large loads on our Services' or any Third-Party Services' infrastructure.
d) Circumvention or bypassing, or attempts to bypass or circumvent, any security or safety measure that we may use in or for our Services.
e) Using our Services to pay for, support, or otherwise engage in any illegal activities including but not limited to fraud, illegal gambling, money laundering, or terrorist activities, or encouraging or inducing any third party to engage in any of the activities prohibited.
f) Using or attempts to use another user's Bifrost Wallet without authorization or use our Services in any manner that could interfere with, disrupt, negatively affect, or inhibit other Users from using our Services.
8. Payment and Fees
8.1. Bifrost Wallet is provided to you free of charge and we do not charge you for your use. However, we reserve the right to charge fees for our Services (or certain parts of our Services) in the future. If so, we will notify you beforehand and enable you to make use of the free Services and/or Services subject to certain fees, respectively as per the applicable Terms.
9. Right to Change your Mind
9.1. As Bifrost Wallet is a mobile application that you download, you acknowledge and agree that our delivery shall be considered complete as soon as your download of Bifrost Wallet is completed. By downloading the Bifrost Wallet you thereby waive your right to withdrawal from our Contract, if any such right is applicable for you under the relevant Usage Rules or applicable statutory legislation.
9.2. However, if you change your mind and do not want to use Bifrost Wallet, you always have the right to terminate the Contract without charge regardless how long you have used Bifrost Wallet. Please see our description on how to terminate our Contract in section 15.2 below.
10. Maintenance and Changes of Bifrost Wallet
10.1. On occasions, the blockchain protocol of a given Crypto Asset may change, which may affect key characteristics of a Crypto Asset, including but not limited to its availability, name, security, valuation or the way it operates. Forks entail that forked Crypto Assets may be misdirected or replicated. In any such events, Towo Labs may decide to suspend support of the impacted Crypto Asset for as long as Towo Labs deems necessary.
10.2. We may restrict access to the Bifrost Wallet, temporarily or indefinitely, in order to perform necessary updates and amendments, such as but not limited to software updates, maintenance operations, amendments to the servers, debugging etc. We will make reasonable efforts to give you prior notice of any significant disruption of our Services. However, you can always recover your Private Keys using your Recovery Phrase on any other compatible Wallet even though our Services are unavailable or suspended.
10.3. Updates will be available for download at the platforms relevant for and supported by your mobile device. Although you are free to choose whether to install the updates provided, we highly recommend you keep your Bifrost Wallet updated. If you decide not to install the updates that we provide, you should, however, not expect your Bifrost Wallet to remain in conformity with these Terms or otherwise remain secure. Your decision not to install updates may affect your use of Bifrost Wallet negatively and give rise to potential security issues in your Bifrost Wallet.
10.4. We reserve the right to perform immediate changes and/or restrictions in Bifrost Wallet and our Services if we deem it necessary, for example due to compliance with applicable laws and regulations as well as orders from courts or public authorities, due to security reasons or similar. We may also restrict access to Bifrost Wallet wholly or partly in certain jurisdictions and states, if necessary, for us to comply with applicable laws.
11. Third Party Services
11.1. Bifrost Wallet may reference or provide access to Third-Party Services through an in-app browser. We retain the exclusive right to add to, modify, or cancel the availability of any Third-Party Service for any reason and without prior notice. Towo Labs are never liable towards you for any Third-Party Service and/or its content or Third-Party Materials.
11.2. Your use of Third-Party Services that you browse in your Bifrost Wallet is subject to separate terms and conditions between you and the Third Party. It is your own responsibility to review the third-party's terms and policies before using a Third-Party Service.
11.4. We are not providing support to you for issues caused by or related to Third-Party Services. If you have questions or concerns about how a Third-Party Service operates, or need support, please contact the relevant Third Party directly.
12. Intellectual Property Rights
12.1. Bifrost Wallet, the Services, all Materials and all intellectual property rights associated therewith, including but not limited to copyrights, trademarks, domains, algorithms, methods, know-how or similar, are and will always remain the sole and exclusive property of Towo Labs, its affiliates and/or their respective licensors (including open source distributors and other non-proprietary license schemes). You are not granted any right, title or interest in or to Bifrost Wallet or the intellectual property associated therewith, except as expressly set forth in these Terms.
12.2. You receive no rights and agree not to: (i) copy, sub-license, reverse engineer, lease, rent or assign Bifrost Wallet or any content (including Third-Party content), Materials or data included therein or associated therewith; or (ii) distribute in whole or in part, modify, or create derivatives of Bifrost Wallet or any content, material or data included therein, with exception of your management and configurations of your Crypto Assets.
12.3. Bifrost Wallet is developed with software, source code and other elements that are provided by third parties, including open source software ("OSS"). OSS is subject to the license terms accompanying such OSS ("OSS License Terms"), and they are included in our third-party copyright notices, available in Bifrost Wallet. In case of discrepancies between these Terms and any of the OSS License Terms applicable to your use of Bifrost Wallet, the possibly more restrictive regulations shall apply, with the following exception: to the extent the provider of OSS explicitly permits or demands the activities otherwise prohibited pursuant to these Terms, the OSS License Terms shall prevail.
12.5. You acknowledge that Apple and/or Google are never liable for claims from Third Parties regarding that Bifrost Wallet and the Services and/or your use of Bifrost Wallet infringe any intellectual property rights of such Third Party.
13.1. If you are using Bifrost Wallet in breach of these Terms, you shall indemnify and hold Towo Labs harmless for all costs and expenses (including reasonable costs for legal counsel) related to such breach.
14. Disclaimer and Limitation of Liability
14.1. BIFROST WALLET AND OUR SERVICES ARE PROVIDED TO YOU "AS IS" AND ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE EXPRESSLY DISCLAIMED. WE DO NOT WARRANT THAT BIFROST WALLET IS ERROR-FREE OR CAN BE USED UNINTERRUPTED. IN NO EVENT SHALL TOWO LABS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF CRYPTO ASSETS, USE, DATA, OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
14.2. YOU EXPRESSLY UNDERSTAND AND AGREE THAT TOWO LABS AND ITS DIRECTORS AND EMPLOYEES SHALL NOT BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING, BUT NOT LIMITED TO, DAMAGES FOR LOSS OF CRYPTO ASSETS, PROFITS, GOODWILL, USE, DATA, COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, OR OTHER INTANGIBLE LOSSES, RESULTING FROM:
a) YOUR USE OR INABILITY TO USE BIFROST WALLET AND OUR SERVICES AS WELL AS HANDLING YOUR CRYPTO ASSETS;
b) ANY CHANGES MADE TO OUR SERVICES OR ANY RESTRICTION, SUSPENSION OR CESSATION OF BIFROST WALLET AND OUR SERVICES OR ANY PART THEREOF;
c) ANY UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS, DATA OR CRYPTO ASSETS;
d) THE DELETION OF, CORRUPTION OF, OR FAILURE TO STORE OR SEND OR RECEIVE YOUR TRANSMISSIONS, DATA OR CRYPTO ASSETS ON OR THROUGH OUR SERVICES; AND
e) ANY OTHER MATTER RELATING TO YOUR CRYPTO ASSETS, BIFROST WALLET AND OUR SERVICES.
14.3. THE RESTRICTIONS AND LIMITATIONS SET OUT IN THIS SECTION 14 SHALL APPLY IN THEIR ENTIRETY AND OPERATE SEPARATELY. IF ANY PART OF THE SAID PROVISIONS ARE DECLARED AS INVALID, VOID OR INOPERABLE, THE REMAINING PROVISIONS SHALL TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW BE INTERPRETED AS TO ENSURE THE ORIGINALLY INTENDED EFFECTS THEREOF. THIS SECTION 14 SHALL APPLY ALSO FOR YOU AS A CONSUMER, EXCEPT TO THE EXTENT YOU UNDER STATUTORY LAW OR REGULATIONS ARE GRANTED CERTAIN RIGHTS. SHOULD YOU BE A CONSUMER – OR ANY OTHER INDIVIDUAL PROTECTED UNDER STATUTORY LAW OR REGULATIONS – THE PROVISIONS IN THIS SECTION 14 SHALL APPLY SUPPLEMENTARY TO ANY SUCH RIGHT GRANTED TO YOU UNDER STATUTORY LAW OR REGULATIONS.
14.4. It is your own responsibility to educate yourself and keep yourself informed about blockchain networks and Crypto Assets when using Bifrost Wallet. You acknowledge that you have been warned of the following associated risks which are outside our control:
a) Regulatory changes. Changes in laws and regulations may affect us and your use of Bifrost Wallet and your handling of your Crypto Assets therein. You should be fully aware of and compliant with current and future regulations relating to and/or affecting your use of Bifrost Wallet and our Services.
b) Tax. Transactions with Crypto Assets and/or other Crypto Assets events may be considered tax events in certain jurisdictions. We therefore strongly encourage you to consult your own tax or accounting adviser before participating in Crypto Assets events.
c) Fluctuations in value. Crypto Assets may fluctuate in value. There is a chance and a risk your Crypto Assets may get a higher or lower value while its corresponding Private Keys are stored in your Bifrost Wallet and/or when you are using our Services. We are neither responsible nor able to advise you in this regard.
14.5. You acknowledge that Apple and/or Google will, to the extent permissible in accordance with applicable law, never have any responsibility and/or liability for Bifrost Wallet and any of our Services or any claims towards you and/or us.
15. Term and Termination
15.1. These Terms must be accepted by you before you start using Bifrost Wallet, and consequently the Contract between us enter into force upon acceptance of these Terms and/or when you start using Bifrost Wallet.
15.2. You may terminate the Contract with us at any time and with immediate effect by stopping to use Bifrost Wallet and uninstalling the mobile application from your mobile device. Please be advised that your Bifrost Wallet only exist on your mobile device, i.e. we do not have any backups for you and cannot help you retrieve your information and/or Crypto Assets. Therefore, you need to save all information and data necessary to restore access to your Crypto Assets before you uninstall the mobile application. Your access to other Wallets (not being Bifrost Wallet) is dependent on whether you securely backed-up your Recovery Phrase.
16. Processing of Personal Data
16.1. As a basis, we do not process your personal data. All information necessary for your use are generated by your copy of Bifrost Wallet and stored locally in your mobile device. If you access or browse Third-Party Services in Bifrost Wallet, you may be asked to provide your personal data to the Third Party. We are neither sharing any personal data with such Third Parties nor are we responsible for the processing of the personal data. If you are providing personal data to Third Parties you are doing so directly to them, not to us.
17. Changes to these Terms
17.1. We reserve the right to, and may without further notice, alter, amend or modify these Terms from time to time. The amended Terms will be deemed effective immediately after we have adopted them and posted the latest version in Bifrost Wallet.
17.2. Irrespective which version of the Terms that was in force when you first accepted the Terms, the latest version of these Terms will always be applicable to your use of Bifrost Wallet and our Services and thus constitute the Contract between you and Towo Labs.
18. Force Majeure
18.1. Towo Labs shall be relieved from liability for a failure to perform any obligation due to any circumstance which impedes, delays or aggravates any obligation to be fulfilled by us in accordance with these Terms, such as but not limited to changes in laws and regulations or in the interpretation thereof, acts of authorities, war, acts of war, labor disputes, blockades, major accidents, disrupted telecommunications and restricted access to Internet, attacks from hackers, virus, malware or similar, outbreak of epidemics and pandemics, and currency restrictions.
19.1. Severability. If any provision shall be deemed by any court to be invalid, illegal, or unenforceable, such provision will be enforced to the maximum extent permissible by law, and the validity, legality and enforceability of the remaining provisions hereof shall not be affected or impaired.
19.2. Entire Agreement. These Terms constitute the entire and exclusive understanding and agreement between Towo Labs and you regarding our Services and supersede any prior oral or written understandings or agreements, if any, between Towo Labs and you regarding our Services.
20. Governing Law and Disputes
20.1. Unless any applicable mandatory laws entitles you to any applicable law or other dispute resolution venue than set out in section 20.2 below, our Contract (including the Terms) shall be construed in accordance with and be governed by the laws of Sweden, without regard to its conflicts of law principles.
20.2. Subject to section 20.1, any dispute, controversy or claim arising out of or in connection with the Contract (including the Terms), or the breach, termination or invalidity thereof, shall be finally settled by Swedish public courts, with Stockholm District Court as first instance.
21. Ideas or Questions?
If you have any feedback, comments or suggestions of improvements of Bifrost Wallet or our Services, you are welcome to contact us at email@example.com