TERMS AND CONDITIONS OF USE FOR METEORITE WALLET

TERMS AND CONDITIONS OF USE FOR METEORITE WALLET

Last Updated: December 11, 2024

1. PRELIMINARY PROVISIONS AND SERVICE PROVIDER IDENTIFICATION

These Terms and Conditions (hereinafter referred to as the "Terms") are established by METEORITE80 COMPANY LIMITED, a corporation duly organized and existing under the laws of Thailand, maintaining its principal place of business at Skulthai Surawong Tower 41th FL 141, Surawong Road, Suriyawong, Bangrak, Bangkok, Thailand, 10500 (hereinafter referred to as the "Company," "Service Provider," "we," "us," or "our"), whereby these Terms shall govern all aspects of access to and utilization of the MeTeorite Wallet service and all associated functionalities (collectively referred to as the "Service"), and shall constitute a legally binding agreement between the Company and any individual or entity accessing or using the Service (hereinafter referred to as "User," "you," or "your").

2. SERVICE DEFINITION AND TECHNOLOGICAL IMPLEMENTATION

The MeTeorite Wallet service constitutes a non-custodial cryptocurrency wallet implementation utilizing Hierarchical Deterministic (HD) wallet architecture, whereby the Service facilitates the generation, management, and utilization of cryptocurrency private keys and public addresses through cryptographic protocols, enabling Users to engage in cryptocurrency transactions, view market data, manage non-fungible tokens (NFTs), and interact with various blockchain networks, including but not limited to the Ethereum blockchain network upon which the MeTeorite Token (MTT) is implemented as an ERC-20 standard token, whereby all such functionalities shall be subject to the terms, conditions, limitations, and requirements set forth herein.

3. MOBILE APPLICATION AVAILABILITY AND PLATFORM REQUIREMENTS

3.1 The Service is made available through mobile applications designed for iOS and Android operating systems (hereinafter referred to as "Mobile Applications"), whereby such Mobile Applications may be downloaded and installed through their respective official distribution platforms, namely the Apple App Store for iOS devices and the Google Play Store for Android devices, and whereby the User acknowledges and accepts that the use of such Mobile Applications shall be subject to the additional terms, conditions, and requirements imposed by the respective platform providers.

3.2 The User expressly acknowledges and accepts that access to and utilization of the Mobile Applications shall be subject to compatibility requirements, including but not limited to minimum operating system versions, device specifications, and security requirements, whereby the Service Provider reserves the right to modify such requirements as necessary to maintain service quality, security, and compliance with platform provider policies.

4. USER ELIGIBILITY AND ACCOUNT CREATION

4.1 The User hereby expressly represents, warrants, and continuously covenants throughout the duration of Service utilization that they have attained the minimum age of eighteen (18) years, possess the legal capacity to enter into binding contracts within their jurisdiction of residence, and shall access and utilize the Service exclusively for lawful purposes in compliance with all applicable local, national, and international laws, regulations, and guidelines pertaining to cryptocurrency operations and digital asset management.


4.2 Upon initiation of wallet creation through the Service, the User acknowledges and irrevocably accepts that a unique fifteen (15) word Recovery Phrase shall be generated through cryptographically secure processes, whereby such Recovery Phrase shall be displayed exactly once during the initial wallet creation process, shall be accessible exclusively to the User, shall exist solely on the User's device, and shall never be transmitted to, stored by, or otherwise accessible to the Service Provider or any third parties under any circumstances whatsoever.

5. SECURITY PROTOCOLS AND USER RESPONSIBILITIES

5.1 The User hereby acknowledges and unconditionally accepts sole and exclusive responsibility for implementing and maintaining comprehensive security measures for the protection of their Recovery Phrase, including but not limited to maintaining secure offline storage, implementing appropriate backup mechanisms, and ensuring absolute confidentiality of all Recovery Phrase information, whereby the Service Provider explicitly disclaims any ability to recover, reset, or regenerate a User's Recovery Phrase under any circumstances, including cases of loss, theft, or compromise.

5.2 The User shall bear exclusive responsibility for verifying the accuracy and appropriateness of all transaction details prior to confirmation, including but not limited to recipient addresses, network selections, and transaction amounts, whereby the Service Provider explicitly disclaims any responsibility or liability for transactions erroneously sent to incorrect addresses or networks, regardless of the circumstances or value of assets involved.


6. FEES AND TRANSACTION PROCESSING

6.1 The User expressly acknowledges and accepts that all cryptocurrency transactions processed through the Service shall be subject to applicable network fees as determined by the respective blockchain networks, whereby such fees may vary based on network conditions, transaction complexity, and other factors beyond the Service Provider's control, and whereby the Service Provider shall not be responsible for any losses, delays, or failures resulting from insufficient fees or network congestion.

7. CRYPTOCURRENCY RISKS AND LIABILITY LIMITATIONS

7.1 The User hereby explicitly acknowledges and irrevocably accepts the inherent risks associated with cryptocurrency operations and blockchain technology, including but not limited to extreme price volatility, potential for complete loss of value, technological vulnerabilities, regulatory uncertainty, and market manipulation risks, whereby the Service Provider shall bear no responsibility or liability whatsoever for any losses, damages, or other negative outcomes resulting from such risks.

8. INTELLECTUAL PROPERTY RIGHTS

8.1 All intellectual property rights, including but not limited to copyrights, trademarks, trade secrets, and proprietary information associated with the Service shall remain the exclusive property of the Service Provider, whereby the User receives only a limited, non-exclusive, non-transferable license to utilize the Service in accordance with these Terms.

9. METEORITE TOKEN (MTT) PROVISIONS

9.1 The User acknowledges and accepts that the MeTeorite Token (MTT), implemented as an ERC-20 token on the Ethereum blockchain, shall be subject to all applicable risks, limitations, and volatility inherent to cryptocurrency tokens, whereby the Service Provider makes no representations or warranties regarding future value, utility, or availability of MTT.

10. DATA PROTECTION AND PRIVACY

10.1 The collection, processing, and utilization of User data shall be governed by the Service Provider's separate Privacy Policy, which is hereby incorporated by reference into these Terms and may be accessed through the Service Provider's official communication channels.

11. DISPUTE RESOLUTION AND GOVERNING LAW

11.1 These Terms shall be governed by and construed in accordance with the laws of Thailand, whereby any dispute arising from or relating to these Terms shall be subject to binding arbitration in Bangkok, Thailand, conducted in the English language.

12. MODIFICATIONS AND TERMINATION

12.1 The Service Provider reserves the absolute right to modify, suspend, or terminate any aspect of the Service at any time and for any reason, with or without prior notice to Users, whereby continued use of the Service following any modifications shall constitute acceptance of such modifications.

13. CONTACT INFORMATION

For inquiries regarding these Terms or the Service:

Email: support@meteorite.io Address: Skulthai Surawong Tower 41th FL 141, Surawong Road, Suriyawong, Bangrak, Bangkok, Thailand, 10500

BY USING THE SERVICE, THE USER ACKNOWLEDGES HAVING READ, UNDERSTOOD, AND AGREED TO BE BOUND BY THESE TERMS IN THEIR ENTIRETY.