July 05, 2023

Axly is a DeFi protocol, built on the Waves blockchain (the Axly Protocol or the Service). The website (https://axly.io/) acts as a front-end to the Axly Protocol.

The following Terms of Use ("Terms") govern the use of the Website. The term "Use" will mean any access, downloading, reproduction, installing, copying, playing, demonstrating and/or other use, as applicable) of the Website and related services.

Please read these Terms of Use carefully before using the Axly Protocol because being compliant with them is compulsory for all Users.

The Axly Protocol is not a financial organization or a bank and is currently not under the supervision of any monetary supervisory authority.  Therefore, your deposited crypto assets are not protected by any public authorities, including but not limited, to state insurance corporations or agencies.

The User is an independent person older than 18 years old.  You represent that you are at least eighteen years old, and you are of legal age to accept these Terms according to your residence country's legislation. By using the Service, you represent and warrant that you: (1) are at least 18 years old; (2) you have full power and authority to enter into this agreement (3) have not been placed on any of the sanctions lists, published and maintained by the United Nations, European Union, any EU country, UK Treasury and US Office of Foreign Assets Control (OFAC) (as it defined on the Website of the US Department of Treasury https://home.treasury.gov/policy-issues/financial-sanctions/sanctions-programs-and-country-information).

If you are using the Service on behalf of a legal entity, you represent and warrant that: (1) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; (2) you are duly authorized by such legal entity to act on its behalf (3) any beneficial owner of the legal entity, director, employee, services provider or any other individual in any way connected with this legal entity has not been placed on any of the sanctions lists, published and maintained by the United Nations, European Union, any EU country, UK Treasury and US Office of Foreign Assets Control (OFAC).

You guarantee that you comply with the laws and regulations of your country of residence, and you have the full right, power, and authority to enter and comply with these Terms on behalf of yourself.

You guarantee that you are not acting for the purpose of speculative investment.

You guarantee that you are not a US citizen, resident or entity (a «US Person») or signing on behalf of a U.S. Person (as it defined on the Website of The Internal Revenue Service (IRS) https://www.irs.gov/individuals/international-taxpayers/classification-of-taxpayers-for-us-tax-purposes);

You guarantee that you are not a Chinese resident, nor are you using the Service or signing on behalf of a Chinese resident;

You guarantee that you are not a South Korean resident, nor are you using the Service or signing on behalf of a South Korean resident;

You guarantee that you do not live in a jurisdiction which is qualifying digital tokens as securities.

You guarantee that you will not use the Service for any illegal activity, including but not limited to money laundering and the financing of terrorism.

You guarantee that you understand the use of cryptocurrencies and their associated risks.

You agree to indemnify and hold harmless the Service and any of its affiliated persons against all suits, claims, costs, losses, damages or demands (including property loss, tax claims, infringements of intellectual or personal rights) in case of your non-compliance with these Terms.

You guarantee that you will only use the Service and related services for lawful purposes and in accordance with these Terms.

As a condition to accessing or using the Service or related services, you will not: