Vailox - Terms of Service

Last Modified: December 29, 2025

Last updated: December 2025

1. Protocol Overview

The Vailox Protocol (the “Protocol”) is a decentralized, open-source software application that facilitates peer-to-peer (P2P) transactions between users who wish to exchange digital assets and fiat currency. The Protocol operates through smart contracts deployed on public blockchain networks and provides a non-custodial escrow mechanism.

The Protocol does not intermediate, hold, custody, or manage user funds in any way. All funds are held in smart contracts on the blockchain and are controlled solely by the users involved in each transaction.

Use of the Protocol is entirely at the user’s discretion and responsibility. No guarantee is provided as to the availability, performance, or outcomes of transactions carried out between users.

By accessing or using the Protocol, the user agrees to be bound by these Terms of Service (“Terms”).

2. Decentralized Nature

The Protocol consists of open-source smart contracts deployed on public blockchain networks. The web interface (this website) is merely one of many possible ways to interact with the underlying smart contracts. Users may interact with the Protocol directly through blockchain explorers, their own interfaces, or other third-party tools.

The Protocol operates autonomously through immutable smart contract code. Once deployed, the core escrow functionality cannot be modified or controlled by any single party.

3. User Responsibility and Compliance

Users are solely responsible for ensuring that their use of the Protocol complies with all applicable laws and regulations in their respective jurisdictions.

The Protocol does not provide legal, financial, or tax advice. Users should obtain their own independent professional advice before engaging in any transaction.

Users acknowledge that they are acting on their own initiative and that the Protocol is not being solicited, promoted, or advertised in any particular jurisdiction.

4. Restrictions and Prohibited Use

The user agrees not to use the Protocol for any unlawful activity, including but not limited to:

  • Money laundering or terrorist financing
  • Fraud or market manipulation
  • Circumvention of sanctions or embargoes
  • Any conduct that violates applicable financial or securities regulations

Access to the web interface may be restricted for users suspected of engaging in prohibited or unlawful activity. However, users retain the ability to interact directly with the smart contracts on the blockchain.

5. No Financial Advice or Services

The Protocol does not provide investment, financial, or trading advice. Any information presented through the interface is for general informational purposes only.

Users are responsible for making their own independent decisions before engaging in any transaction.

The Protocol is not a financial institution, broker, exchange, or payment service provider. It is a decentralized software tool that enables direct peer-to-peer transactions.

6. Non-Custodial Nature

The Protocol is entirely non-custodial. Users maintain full control of their private keys and digital assets at all times. The escrow smart contracts hold funds temporarily during transactions, but these contracts are governed by immutable code, not by any centralized party.

Users are solely responsible for the security of their wallet credentials, private keys, and seed phrases. Loss of access to a wallet may result in permanent loss of funds.

7. Disclaimer of Warranties

The Protocol and all associated services are provided on an “as is” and “as available” basis, without any warranties of any kind, express or implied.

No representations or warranties are made regarding availability, reliability, accuracy, security, or fitness for any particular purpose.

Smart contracts may contain bugs or vulnerabilities. While the code is open-source and available for review, users interact with the Protocol at their own risk.

8. Limitation of Liability

To the fullest extent permitted by applicable law, contributors to the Protocol, developers, or any associated persons shall not be liable for any damages, losses, or costs, whether direct or indirect, arising from the use or inability to use the Protocol, including but not limited to lost profits, data, digital assets, or goodwill.

This includes, without limitation, losses arising from smart contract vulnerabilities, blockchain network failures, user error, counterparty default, or market volatility.

9. Risk Acknowledgement

The user acknowledges that trading, exchanging, or transacting with crypto-assets involves inherent risks, including but not limited to:

  • Market volatility and potential loss of value
  • Smart contract bugs or exploits
  • Blockchain network congestion or failures
  • Counterparty risk in P2P transactions
  • Regulatory changes that may affect the legality of use
  • Loss of private keys or wallet access

Users should only engage in activities they fully understand and are willing to bear the consequences of. Never trade with funds you cannot afford to lose.

10. User Conduct and Transactional Responsibility

The user is solely responsible for any transaction or interaction carried out through the Protocol.

The Protocol is not a counterparty to any transaction and does not mediate between users except through the automated dispute resolution mechanisms built into the smart contracts.

Users must ensure that any transaction complies with applicable anti-money laundering, tax, and regulatory obligations in their jurisdiction.

11. Third-Party Services and Content

The interface may contain links or references to third-party websites, services, or blockchain networks. No control is exercised over and no responsibility is assumed for the content, accuracy, or practices of such third parties. Access to any external service is at the user’s sole risk.

12. Dispute Resolution

The Protocol includes an on-chain dispute resolution mechanism. In the event of a dispute between transaction parties, designated arbitrators may review evidence and make binding decisions regarding the release of escrowed funds.

Users agree to provide truthful and complete evidence when participating in dispute resolution. Attempts to manipulate or deceive the dispute resolution process may result in adverse decisions and potential restrictions from the interface.

13. Modifications

These Terms may be modified at any time. The updated version will be published on this interface and will take effect immediately upon publication. Continued use of the Protocol constitutes acceptance of the modified Terms.

Note that modifications to these Terms do not affect the underlying smart contract code, which operates independently on the blockchain.

14. Jurisdiction and Access Restrictions

The Protocol is made available as a decentralized technological tool. It is not directed toward or intended for use by any person or entity in any jurisdiction where such use would be contrary to applicable law or regulation.

Users who choose to access the Protocol do so on their own initiative and are solely responsible for compliance with local laws.

15. European Union Users

The Protocol is not authorized to provide crypto-asset services within the European Union under Regulation (EU) 2023/1114 (MiCAR). No office or registered establishment is maintained in any EU Member State.

By accessing or using the Protocol from within the EU, the user expressly declares and confirms that:

  • They have initiated contact with the Protocol on their own exclusive initiative, without having been solicited, promoted, advertised, invited, or offered any service
  • They are aware that the Protocol is not authorized within the EU as a Crypto-Asset Service Provider (CASP)
  • They understand that records may be retained evidencing that access was initiated at their own exclusive initiative

16. Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

17. Entire Agreement

These Terms constitute the entire agreement between the user and the Protocol regarding its use and supersede all prior agreements and understandings.

Questions about these terms? Reach out to the community on Telegram for clarifications.