Last Updated: 30 June, 2021
By engaging with, interacting with or using our services, you are agreeing to our terms as outlined not just in this section, but in all paragraphs and sections in this document. If you do not agree to these terms, do not use our services. It is your responsibility to keep up to date with the terms outlined as they are updated if you choose to use our services.
How you accept this policy
By creating or importing a locally hosted wallet (a “Wallet”), or visiting our website, you acknowledge that you have read, understood, and agreed to these Terms. We reserve the right to change these Terms at any time. Any such changes with respect to your use of Saola will take effect immediately when posted on our website or on our mobile application. Your continued use of Saola following any such change will signify your acceptance to be bound by the then current Terms. Please check the effective date above to determine if there have been any changes since you have last reviewed these Terms.
If you do not agree to this Agreement or any modifications to this Agreement, you should not use Saola. Failure or delay by us in enforcing or partially enforcing any provision of these Terms shall not be construed as a waiver of any rights.
How your wallet works
When you create a Saola wallet, the software-browser generates a 12-word mnemonic. This mnemonic represents data that is used to derive a public and private keypair with which the wallet can further derive data used to receive Saolacoin and send Saolacoin via the Saolacoin Blockchain Network. We do not collect or record your public or private key, or your 12-word mnemonic and therefore, we cannot identify you at any point in time. We cannot recover your private key for you at any point. It is your responsibility to secure a physical backup of your mnemonic to ensure the recoverability of your wallet.
Without access to your wallet mnemonic in the event of you losing your phone or some sort of memory or data loss of your device’s storage, you will not be able to recover your funds. Securing a physical backup of your mnemonic is your responsibility and we are not liable for any loss of funds in the event that you do not adhere to and comply with the terms outlined in this document.
Limitation of liability & Disclaimer of Warranties
You understand and agree that we have no control over, and no duty to take any action regarding: Failures, disruptions, errors, or delays in processing Virtual Currency that you may experience while using the Services;The risk of failure of hardware, software, and Internet connections; The risk of malicious software being introduced or found in the software underlying Saola;The risk that third parties may obtain unauthorized access to information stored within your Wallet, including, but not limited to your Wallet addresses,public key, private key, and mnemonic (backup) phrase; and The risk of unknown vulnerabilities in or unanticipated changes to the Saolacoin Network.
You release us from all liability related to any losses, damages, or claims arising from:(a) user error such as forgotten passwords, incorrectly constructed transactions,or mistyped Virtual Currency addresses; (b) server failure or data loss; (c)unauthorized access to the Trust Wallet application; (d) bugs or other errors in the Saola software; and (e) any unauthorized third party activities,including, but not limited to, the use of viruses, phishing, brute forcing, or other means of attack against Saola. We make no representations concerning any Third Party Content contained in or accessed through our Services. Any other terms, conditions, warranties, or representations associated with such content, are solely between you and such organizations and/or individuals.
To the extent permitted by applicable law, you agree to defend,indemnify, and hold harmless Ready Systems Limited and Saola from and against any and all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including, but not limited to, attorney’s fees) arising from: (a) your use of and access to the Services; (b) any feedback or submissions you provide to us concerning Saola; (c) your violation of any term of this Agreement; or (d) your violation of any law, rule, or regulation,or the rights of any third party.
SAOLA IS PROVIDED "AS IS" AND WITHOUT WARRANTY OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE DISCLAIM ALL REPRESENTATIONS AND WARRANTIES,EXPRESS OR IMPLIED, RELATING TO THE SERVICES AND UNDERLYING SOFTWARE OR ANY CONTENT ON THE SERVICES, WHETHER PROVIDED OR OWNED BY US OR BY ANY THIRD PARTY,INCLUDING WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, FREEDOM FROM COMPUTER VIRUS, AND ANY IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING, COURSE OF PERFORMANCE,OR USAGE IN TRADE. IN ADDITION, WE DO NOT REPRESENT OR WARRANT THAT THE CONTENT ACCESSIBLE VIA THE SERVICES IS ACCURATE, COMPLETE, AVAILABLE, CURRENT, FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS, OR THAT THE RESULTS OF USING THE SERVICES WILL MEET YOUR REQUIREMENTS.